Economic Effects Of The Great Depression

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Effects of the Great Depression Everyone throughout the United States took a big hit from the economic collapse in the 1920’s. It was called “The Great Depression” because that’s simply what it was. It was the worst time in the U.S. economy to date. Farmers, obviously unemployed men, women and children had to do whatever they could to survive. Farmers had an especially hard time during the Great Depression because many of them had taken out loans to pay for more equipment. Agriculture was great in the beginning of the Great Depression. So great, that farmers bought more land and equipment on credit to support the growing sales. They overproduced and used bad practices, which resulted in topsoil that was exhausted and eroded, unable to sustain
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