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Summary

The prosperity of the 1920s ended in a stock market crash that revealed the flaws in the economy. As the nation slid into a catastrophic depression, factories closed, employment and incomes tumbled, and millions lost their homes, hopes, and dignity. Some protested and took direct action; others looked to the government for relief. The stock market crash of 1929 marked the beginning of the Great Depression but did not cause it. Contributing factors were the uneven distribution of wealth and income, industries dominated by oligarchies, overproduction in agriculture and other industries, declining prices, government policies, and European debts.




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