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The Great Depression
Part 1 of Paper
.... other instances throughout the nineteenth century, which lasted in periods of 20 years, known as recessions, none were anyway as severe as the one suffered in the 1930s which was known as a depression.
President Herbert Hoover used the term depression instead of panic because he found the term to be less frightful and.... Part 2 of Paper
....d 20 percent. Black Unemployment hit 50 percent. Private construction investment went from $6.6 billion in 1929 to $1.3 billion in 1932. Overall manufacturing was 54 percent of what was in 1929. Automobiles were created at 20 percent of 1932's, and steal was at 12 percent of 1929. Farmer's income slid from $12 billion in 1929 to $5 billion in 1932., but the farmer's mortgages continued to escalate. 70,000 banks went under before the Great Crash in 1929, and 9,000 more went under from 1929 to 193.... |
| Number of words: 786 - Approximate pages: 3 |
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