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Beginning of Paper
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The Great Depression
The Great Depression was the worst economical slump in U.S. history and one, which spread virtually all over the industrialized world.
The depression began in late 1929 and lasted for about a decade. Many factors played a role in bringing about the depression; however, the main cause for the Great Depression was the co ....
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Middle of Paper
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.... major cause was related to farmers. Farmers weren't doing to well because they were producing more crops and farm products than could be sold at high prices. Therefore, they made a very small profit. This small profit wouldn't allow the farmers to purchase new machinery and because of this they couldn't produce goods quick enough.
A new plan was created called the installment plan. This plan was established because many Americans didn't have enough money to buy goods and services that were needed or wanted. The installment plan stated that people could buy products on credit ....
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