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The Great Depression

Part one of term paper
Though most Americans are aware of of 1929, which may well be "the most serious problem facing our free enterprise economic system,"( ) few know of the many Americans who lost their homes, life savings and jobs. This paper briefly states the causes of the depression and summarizes the vast problems Americans faced during the e ...

Part two of term paper
... A major cause of the Depression was that the pay of workers did not increase at all. Because of this, they couldn't afford manufactured goods. While the factories were still manufacturing goods, Americans weren't able to afford them and the factories made no money (Drewry and O'connor 559). Another major cause related to farmers. Farmers weren't doing to well because they were producing more crops and farm products than could be sold at high prices. Therefore, they made a very small prof ...

Word count: 1686 | Approximate pages: 7

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