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The Great Depression (Wealth (Wealth was not evenly divided among all…
The Great Depression
Wealth
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As the economy worsened, many lost their fortunes.
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Declining exports
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Taxes placed on goods made it to where decline in output took place, and a sharp rise in unemployment.
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The Dust Bowl
The dust bowl was a natural disaster that caused many farmers to lose their livelihoods and poverty.
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An estimated 7,000 people lost their lives due to the dust bowl.
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Black Thursday of October 24, 1929:
This occured when traders sold 12.9 million shares of stock in one day; this caused the prices to fall over 2%
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Overproduction
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Farmers were then left in debt, which left them eventually close to; or poor.