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The Great Depression: Economic Collapse and Its Societal Impact

This chapter delves into the Stock Market Crash of 1929 and its profound social effects during the Great Depression. It narrates the spread of the Great Crash to all Americans through unemployment, bank failures, the collapse of businesses, loss of savings, and poverty. Analyzing the business cycle, the Great Depression represented a trough. It examines the unstable economy of the 1920s and three key underlying causes: over-speculation, excessive debt, and agricultural decline. The chapter also highlights the struggles faced by families and marginalized groups, exemplified through individual stories such as that of Wilson Ledford.

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The Great Depression: Economic Collapse and Its Societal Impact

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