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Great Depression 6
Part one of term paper
The great depression from 1929 and into the 1930's, is the period in modern times with the largest unemployment, and the highest frequencies of bankruptcies. But can one from this say that "the Great Depression" was a breakdown of capitalism? Or was it simply an economic low-point that had to follow the prosperous 20's?
In the 1920's everythi ...
Part two of term paper ... an end, over 20 million Americans had cars. During the 1920's there was a free market where all was manufactured from the play of supply and demand on the world marked. The whole production was based on credit, promise to pay in the future. The system was based on mutual confidence and exchange. The economy was dependent on foreign loans, and government expenditure was dangerously high, with businesses suffering from low profit margins. The world believed that the great expansion, as in the ear ...
Word count: 781 | Approximate pages: 3
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