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Key American industries began showing signs of financial trouble in the late 1920s, particularly with the onset of the Great Depression in 1929. Factors such as overproduction, declining consumer demand, and Stock Market speculation contributed to economic instability. By the time the stock market crashed in October 1929, many industries, including agriculture, manufacturing, and construction, were already experiencing significant distress. This downturn set the stage for widespread economic hardship throughout the 1930s.

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