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the industries that went into decline were:

-CoalMining.

-Shipbuilding.

these industries did not prosper in the boom in the 1920s.

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How did lack of diversification effect the economy during the Great Depression?

Only a few basic industries in America in the 1920s controlled the wealth. This lack of diversification contributed to the decline of the economy because when these industries weakened and sales fell tremendously, there were not yet other industries that were advanced and developed enough to counteract the damages made by the decline of these industries like construction and automobile sales.


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