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The Great Depression (circa 1929-1941) was a time when the bottom fell out of the Stock Market, and triggered a worldwide economic recession, with many businesses shut down and millions left unemployed. People who were financially solvent one day were penniless the next day. People lost their homes, farms, businesses. People were put out onto the street. This economic crash began in 1929 but continued throughout the 1930s, and was only partly addressed by new government financial programs under President Franklin D. Roosevelt. Only the boom caused by World War II finally ended the depression.

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8y ago

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