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the Great Depression was a dramatic

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worldwide economic calamity which

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started in 1929 and lasted until the

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late 30s most people believe it begun

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with the US stock market collapse of

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October 1929 by 1932 US stocks were only

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worth 20% of what they were prior to the

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crisis and one year later almost half of

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all united states banks had failed by

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1935 roughly seven hundred and fifty

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thousand farms had been lost to

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bankruptcy or distressed sales European

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countries debilitated by the debt

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they've accumulated to the world war one

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dealt with the severe depression and a

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sovereign debt crisis ultimately emerged

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in Germany for example unemployment

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reached 25 percent and among other

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things this economic disaster led to

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Hitler's Nazi Party becoming the top

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political actor after the 1932 elections

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worldwide trade was devastated by the

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Great Depression with countries engaging

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in so-called trade wars by limiting

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imports and by the same year 1932 global

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trade crashed to half of the pre-crisis

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volume unfortunately trade wars

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degenerated into an actual armed

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conflict which caused over 16 million

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deaths world war ii make no mistake most

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wars have been caused by economic

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factors to a very large degree let's

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learn from the past and not let this

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happen again