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Question by  Binkmeyer (23)

What happened in the last depression?

 
+6

Answer by  pradhaprajgmailcom (1518)

People took a cart load of money to get a lead pencil. Germany was hit worst. USA had a startling economy with poeple taken a wrong decision of selling shares.

 
+6

Answer by  tamarawilhite (17883)

1. Unemployment hit 25%. 2. Deflation lasted about a decade. 3. FDR, Franklin D Roosevelt, enacted many of our current social safety net programs.

 
+5

Answer by  TwoToneDodge (2204)

The stock market crashed and all the money was lost. Big store and corporations had to over charge the the middle class became the poor.

 
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