The Depression Devastates People’s Lives Statistics such as the unemployment rate tell only part of the story of the Great Depression. 3.4 The Great Depression and Family Change. Senator Huey Long believed that the rich should pay extra taxes in order to help the poor. How did the Great Depression affect race relations quizlet? History >> The Great Depression AAA - AAA stands for the Agricultural Adjustment Act.This law paid farmers to not plant certain crops in order to raise prices. It affected all parts of the U.S. From North Dakota to Texas, their crops withered away. John Steinbeck was a famous author and wrote "The Grapes of Wrath." b)Unemployment and Relief. Study Guide - Teacher Key. Found insideEnding Discrimination Against People with Mental and Substance Use Disorders: The Evidence for Stigma Change explores stigma and discrimination faced by individuals with mental or substance use disorders and recommends effective strategies ... The causes of the Great Depression in the early 20th Century are a matter of active debate among economists, and are part of the larger debate about economic crises, although the popular belief is that the Great Depression was caused by the 1929 crash of the stock market. In The Paradox of Choice, Barry Schwartz explains at what point choice—the hallmark of individual freedom and self-determination that we so cherish—becomes detrimental to our psychological and emotional well-being. It began on “Black Thursday," Oct. 24, 1929. This allowed people to buy stocks without limits basically because they only needed to possess 10% of what the stock was worth to buy it. 1 That crash cost investors $30 billion, the equivalent of $396 billion today. 2 What can you conclude from the fact that government breadlines were often very long during the Great Depression? The Great Depression. 1. 3 4 It took 25 years for the stock market to recover. Yet, argues historian Allison Collis Greene, Roosevelt's New Dealthreatened plantation capitalism even while bending to it. The New Deal. Africa, Asia, Australia, Europe, and North and South America all suffered from the economic collapse. The FDIC protects the savings of bank customers. These banks invested heavily in the stock market, in result they also lost heavily. The Grapes of Wrath takes place during America's Great Depression, which lasted from the Stock Market Crash of October 1929 until World War II began 12 years later. The Great Depression infiltrated the lives of a generation and those beyond it, with tough lessons needing to be learnt. The Great Depression / New Deal. What were the major causes of the Great Depression quizlet? A second meaning has the Great Depressio… After the stock market collapsed, what happened next to the U.S. economy? Great Depression: the economic crisis and period of low business activity in the U.S. and other countries, roughly beginning with the stock-market crash in October, 1929, and continuing through most of the 1930s. The Roaring Twenties, as the era came to be known, was a period when the American public discovered the stock market and dove in head first. Question 14 14. The presidency of Herbert Hoover. By the end of 1936, the Supreme Court had ruled against New Deal programs in seven out of nine major cases. It provided some financial security for the elderly, the disabled, children, and the unemployed. The Americans were aggravated and annoyed. The Social Safety Net. Their purpose was to hire people to build dams and generators, bringing electricity and jobs to the Tennessee Valley. 10 Questions Show answers. Economists can debate whether bank failures caused the Great Depression, or the Great Depression caused bank failures, but this much is undisputed: By 1933, 11,000 of the nation’s 25,000 banks had disappeared.. Click here for more facts about banks and bank failures during the Great Depression.. In result some banks went out of business and closed completely. Life during the Great Depression - The Heart of the Matter . Most characteristic of life during the Great Depression was the widening gap between the "haves" and "have-nots." Unemployment rose from a shocking 5 million in 1930 to an almost unbelievable 13 million by the end of 1932. On Black Tuesday, October 29, 1929, the stock market crashed, triggering the Great Depression, the worst economic collapse in the history of the modern industrial world. The economy of the period relied heavily on so-called "sex-typed" work, or work that employers typically assigned to one sex or the other. 1. The New Deal was when Congress and FDR worked together in order to create programs to battle the Great Depression and aid economic recovery. The stock market crash was not THE cause of the GD, but it did seriously impact the lives of everyone who invested. In this book, Hoover expounds and vigorously defends what has come to be called American exceptionalism: the set of beliefs and values that still makes America unique. What was the "Hundred Days" and the New Deal and what did FDR do to get Americans to trust banks again? Supporting Question What conditions existed at the onset of the Great Depression?. His foreign/economic policies (particularly the high tariffs) however worsened the economic situation and was one of the causes of the Great Depression. To help these families buy food, children often had to drop out of school and take very low paying jobs. The reemergence of the KKK. the economic crisis and period of low business activity in the u.s. and other countries, roughly beginning with the stock-market crash in October, 1929, and continuing through most of the 1930s. Franklin Roosevelt delivered his first inaugural address on March 4, 1933. (October 1929 )Stock prices to fell quickly, and many people lost their entire life savings as many banks went bankrupt. 3.4 Review the history of the Great Depression and its impact on family life. Stock Market Crash. It was the longest, deepest, and most widespread depression of the 20th century. In the decades before the Great Depression, and particularly in the 1920s, American culture largely reflected the values of individualism, self-reliance, and material success through competition. Birthrates and marriage rates decreased. decreased to number of federal entitlement programs. by Jodie T. Allen, Senior Editor, Pew Research Center. answer choices. He defeated Herbert Hoover in a bid for re-election as the nation fell deeper into the Great Depression. A revisionist perspective on FDR's presidency and the New Deal argues that such government programs as social security, minimum wage, and farm subsidies didn't work in the 1930s and do not work now, and traces many modern problems to the ... Because many farmers had problems maintaining their farmland in the face of the economic downturn, Congress decided to implement a federal credit organization to help them. Many banks had to close down because they did not have/keep sufficient funds to give back to the people who came rushing. Darius Kellner speaks better Klingon than Farsi, and he knows more about Hobbit social cues than Persian ones. An over-dependance on the credit system, however, was one of the main causes of the depression because credit, along with installment plans, created a false sense of prosperity amongst the people. Over 300 historians joined together to create the book they wanted for their own students—an accessible, synthetic narrative that reflects the best of recent historical scholarship and provides a jumping-off point for discussions in the U ... Similarly, what were some causes of the Great Depression quizlet? Prosperity had depended excessively on a few basic … 1 Unemployment rose to 25%, and homelessness increased. GNP grew at an annual rate of 5%. Sort by: Top Voted. Our mission is to provide a free, world-class education to anyone, anywhere. In order to understand this crash, we first have to … The Great Depression. The Great Depression was a global phenomenon, unlike previous economic downturns which generally were confined to a handful of nations or specific regions. The 1919 Treaty of Paris ended World War I, but imposed heavy penalties on Germany. Roosevelt spoke briefly on plans for government projects to revive the economy, but also on the American spirit to overcome economic struggles. Through letters and photographs, profiles teenagers who hopped the freight trains during the Great Depression in order to find adventure, seek employment, or escape poverty. The story of one African-American family fighting to stay together and strong in the face of brutal racist attacks, illness, poverty, and betrayal in the Deep South of the 1930s. Production of goods decreased, and employment dropped. The American memory, the American way, the American voice. It will resurrect your faith in all of us to read this book.” —Newsweek “Open Studs Terkel’s book to almost any page and rich memories spill out . . . Read a page, any page. Buying on Credit. In the 1930s, Americans responded to economic calamity by creating a richer and more equitable society. Over the next several years, consumer The Depression was the longest and deepest downturn in the history of the United States and the modern industrial economy. "A groundbreaking and illuminating look at the state of abortion access in America and the first long-term study of the consequences--emotional, physical, financial, professional, personal, and psychological--of receiving versus being ... It lasted roughly a decade: from 1929, the year the stock market crashed, to … “The novel that foreshadowed Donald Trump’s authoritarian appeal.”—Salon It Can’t Happen Here is the only one of Sinclair Lewis’s later novels to match the power of Main Street, Babbitt, and Arrowsmith. In 1930, a large majority of economists believed the Smoot-Hawley Tariff Act would exacerbate the U.S. recession into a worldwide depression. It fundamentally changed the relationship between the government and its people. SS5H5 . Learn vocabulary, terms, and more with flashcards, games, and other study tools. An example of speculation is buying on margin. Depicts a period when widespread poverty, hunger, and misery were assuaged by innovative public programs and the arts A perennial backlist performer. The timing of the Great Depression varied across the world; in most countries, it started in 1929 and lasted until the late 1930s. More important was the impact that it had on people’s lives: the Depression brought hardship, homelessness, and hunger to millions. Name the following New Deal Programs and what their purpose was. In the end, President Hoover forced everyone out, but very few people had died. The timing of the Great Depression differed across nations; in the majority of nations it started in 1929 and also lasted till 1941. Allow some agreed with this statement, they did not agree on him using it when his country needed them most. The human toll of the economic collapse is difficult to calculate. Economists still debate the cause of the Great Depression of 1929.Myriad factors led to the financial collapse, but historians do not agree on exactly how events and governmental policies combined to spark the stock market crash, declines in consumer demands and deflation that plunged the western world into economic crisis. What were the Fireside Chats? Q. In the United States, the Great Depression began soon after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. The Great Depression was a serious worldwide economic anxiety that happened primarily throughout the 1930s, coming from the United States. The WPA was the Works Progress Administration. As the nineteenth century pressed forward, families continued to be molded by different social class and race contexts, even though the ideal of … Republican ascendancy: politics in the 1920s. - Bureau of Indian Affairs had a long history of corruption and mismanagement. and find homework help for other History questions at eNotes One of his Fireside Chats explained the first bank relief law. answer choices. - Very difficult to get the Indians to agree to the IRA - language barriers made it tough. These people planned to sell their stock for more money than they bought it with, then they would finally have enough money to payback their loan. dismantled financial regulatory agencies. The Unbridled Capitalism of the Twenties. They eventually got their check/money. Bank holiday - A time when President Roosevelt shut down the banks from March 6 to March 13 in 1933 in order to stabilize the banking system. Migrants, family of Mexicans, on road with tire trouble The Great Depression of the 1930s hit Mexican immigrants especially hard. In this pioneering study, Sanchez explores how Mexican immigrants "Americanized" themselves in order to fit in, thereby losing part of their own culture. Production of goods increased, and employment rose. The FDIC and Social Security are still important today because Social Security still provides economic relief to the elderly, children, and those with disabilities. THE GREAT DEPRESSION The Roaring Twenties that begun after WWI and ended before the Great Depression is markedly an exuberant era of endless prosperity and expansion due to a laissez-faire economy. were radio addresses in which FDR spoke directly to the American people. Throughout the Great Depression, he donated an average of $25,000 annually to various relief organizations to assist in their efforts. The Great depression. because to most people during this time, buying stocks and making money seemed 'easy' for them. How did the U.S. economy return from the economic disaster in the Great Depression? Institutions and financiers stepped in with bids above the market price to stem the panic, and the losses on that day were modest, with stocks bouncing back over the next two days. First published in 1973, this new edition of the classic memoir of a devastating Japanese American experience includes an inspiring afterword by the authors. Kristof and WuDunn tell the story of America's crisis partly through the lives of friends Kristof grew up with in rural Yamhill, Oregon, a working-class area that was hit badly by the disappearance of blue - collar jobs. All of the following were causes of the Great Depression except. hired single men (18-25) to work outside on large construction projects, such as building parks, for $1 a day. History >> The Great Depression AAA - AAA stands for the Agricultural Adjustment Act.This law paid farmers to not plant certain crops in order to raise prices. These were the “repatriation drives,” a series of informal raids that took place around the United States during the Great Depression. Great Depression was unprecedented in size - effects could not be predicted and so Hoover was not to blame 2. Because of this, most people were encouraged to buy stocks due to the idea of making huge profits from small businesses. About. About this quiz: All the questions on this quiz are based on information that can be found on the page at The Great Depression - Causes . If you couldn't afford the stock, you had to buy on margin. Upgrade to remove ads. List the 6 causes of the Great Depression. What was the Dust Bowl? The Great Depression. Who gave them and what was their purpose? A number of different factors account for the severity of the depression: 1. Chapter 25: Great Depression. We all know what happened during the Great Depression. Herbert Hoover on the Great Depression and New Deal, 1931–1933 | The stock market crashed on Thursday, October 24, 1929, less than eight months into Herbert Hoover’s presidency. Read Book Great Depression Begins Answersthe course of them is this chapter 14 the great depression begins test … THE DEPRESSION IN THE CITIES In cities across the country, Most experts, including Hoover, thought the crash was part of a passing recession. The day the stock market officially crashed and halved in size, losing $16 billion. What was President Hoover's reaction to the Great Depression and how did the American public react? If he failed, the whole country would blame him for their trouble. 1)The Coming of the Great Depression. This collection of literature attempts to compile many of the classic works that have stood the test of time and offer them at a reduced, affordable price, in an attractive volume so that everyone can enjoy them. Q. It gets more interesting, though, when you look at the main causes of the Great Depression and then compare these drivers to … i)In capitalist system recessions cyclical, but Great Depression direly severe He was the president when the Great Depression … Worksheet. Great Depression The period before World War II was a time of great economic suffering throughout the world called the Great Depression. The Lessons of the Great Depression. Although it originated in the United States, the Great Depression caused drastic declines in output, severe unemployment, and acute deflation in almost every country of the world. Found insideThis revised edition also addresses the inclusion of the event in the educational curriculum, the issuance of a formal apology, and the question of fiscal remuneration. How were families specifically affected by the Great Depression? The U.S. government's response to the Great Depression began with a new president. Like the TVA, the Farm Credit Administration was established in 1933 to help combat economic issues during the Great Depression. Based in Kent and a … Discuss the Stock Market Crash of 1929, Herbert Hoover, Franklin Roosevelt, the Dust Bowl, and soup kitchens. Soviet President Leonid Brezhnev and U.S. President Richard Nixon, meeting in Moscow, sign the Strategic Arms Limitation Talks (SALT) agreements. Learn about the development and effects of the Smoot-Hawley Tariff Act in this article. Chapter 12 Quiz- The Great Depression Multiple Choice Identify the choice that best completes the statement or answers the question. During this time, a long period of drought and high winds affected large parts of the American Midwest, including much of the state of Oklahoma, creating what was called the Dust Bowl. The Great Depression Solution A Social Studies Fair project By: Catalina Trigo Mr. Bryant 2. They could put all of their focus on entertainment, rather than paying more attention on the suffering. According to the official liberal dogma, the seriousness … Why did the stock market crash in 1929? Depressed precious metal prices. In the United States, the Great Depression began soon after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Classes During the Great Depression. Buying on margin is purchasing stocks with borrowed money. The government under Hoover however didn't provide such relief to the people during the early Depression. It worsened the people's depression mentality, breaking their spirits. Bank Failures During The Great Depression. The day when the DOW plummetted, causing panic in Wall Street amongst investors who started to sell their stocks. The practice of buying stock by paying only a portion of the full cost up-front with promises to pay the rest later. The. Quizlet chapter 14 the great depression begins test answers and numerous book collections from fictions to scientific research in any way. The first phase of the Great Depression was a massive boom during the “Roaring 20’s,” which inevitably burst in 1929. Overproduction in factories and on farms. The Three Main Causes of Great Depression. The main causes of great depression are reduction in purchasing, stock market crash, and banks closures. What is its purpose and who is affected? If he succeeded, many Americans would think he was a great president. A third of all banks failed. Americans sold millions of shares, and the stock market crashed. A nickname for the Great Plains regions hit by drought and dust storms in the early 1930s that lasted for a decade, leaving many farmers without work or substantial wages. The New Deal’s programs ended the Great Depression. THE GREAT DEPRESSION BEGINS Photos by photographer Dorothea Lange Hoover had little chance to be re-elected in 1932 SECTION 1: THE NATION’S SICK ECONOMY Agriculture Railroads Textiles Steel Mining Lumber Automobiles Housing Consumer goods As the 1920s advanced, serious problems threatened the economy while Important industries struggled, including: FARMERS STRUGGLE Photo … this program addressed industry by controlling what was produced; it set … Learn about the Dust Bowl, New Deal, causes of the Great Depression, a Great Depression timeline more. Families were specifically affected by the Great Depression because many families were forced to split up. The Great Depression / New Deal. | The stock market crashed on Thursday, October 24, 1929, less than eight months into Herbert Hoover’s presidency. The Great Depression was the worst economic downturn in world history. Try this amazing Vocab Quiz - The Great Depression quiz which has been attempted 110 times by avid quiz takers. This is when people don't have a job. People in poverty and homelessness moved out of urban cities into its outskirts in slum regions called shantytowns/Hoovervilles. Only $3.99/month. - John Collier appointed by FDR to bring reform to Indian Affairs. How are the FDIC and Social Security still important today? It is however our inability to bounce back from the SMC that caused the GD. The Great Depression began in August 1929, when the economic expansion of the Roaring Twenties came to an end. The Great Depression of 1929-1941 began when: Answers: The Gross Domestic Product failed to grow in 1929. An arrangement to receive cash, goods, or services now and pay for them in the future. In other words, they wanted money in return for their service. Few only succeeded if their stock went up in cost. The Harlem Renaissance: The Negro Movement 481 Words | 2 Pages. in Page 11/25. WOMEN, IMPACT OF THE GREAT DEPRESSION ONThe Great Depression affected women and men in quite different ways. This program hired young men ages 18-26 who were unemployed and paid them to work mostly on outdoor projects such as national parks and planting trees (helped to prevent erosion which was … Practice: The Great Depression. The story of how the simple gruel of our forefathers gave way to snack fixes and fast food, Three Squares also explains how Americans' eating habits may change in the years to come. 1. Few are more qualified to comment during this turbulent time than Joseph E. Stiglitz. Writing in the June 1965 issue of theEconomic Journal, Harry G. Johnson begins with a sentence seemingly calibrated to the scale of the book he set himself to review: "The long-awaited monetary history of the United States by Friedman and ... At the time however, it only affected those that owned stocks. Easy Money: A Series of False Signals. 1)The Coming of the Great Depression. Also explore over 13 similar quizzes in this category. 1 Why would a union call for a sit-down strike? At the time, Depression: 4 consecutive quarters of economic "decline", ~20% unemployment rate. A plan by President Franklin Roosevelt to help the economy recover during the Great Depression. SMITH, ALFRED E.Alfred Emanuel Smith (December 30, 1873–October 4, 1944), who was known as the "Happy Warrior," won four terms as Democratic governor of New York from 1918 to 1928, became the first Catholic candidate nominated for president by a major party, and then opposed Franklin D. Source for information on Smith, Alfred E.: Encyclopedia of the Great Depression dictionary. The Great Depression (1929-39) was the deepest and longest-lasting economic downturn in the history of the Western industrialized world. a. European countries’ inability to pay their debts. FDR ensured that New Deal Programs were not discriminatory toward African Americans. Picturing the Century Introduction A New Century The Great War and the New Era The Great Depression and the New Deal A World in Flames Post-War America Century's End As the Great Depression ended the prosperity of the 1920s, the Pacific Northwest suffered economic catastrophe like the rest of the country. HMH Social Studies American History: Reconstruction to the Present Guided Reading Workbook, The Americans: Reconstruction to the 21st Century (California Edition), Gerald A. Danzer, J. Jorge Klor de Alva, Larry S. Krieger, Louis E. Wilson, Nancy Woloch, Discovering Our Past: A History of the United States, Alan Brinkley, Albert S. Broussard, Donald A. Ritchie, James M. McPherson, Joyce Appleby, Creating America: 1877 to the 21st Century. Hoover ordered General Douglas MacArthur to clear out the veterans using cavalry, tanks, tear gas and machine guns. The growing concern over the number of accidental firearm shootings, especially those involving children, prompted passage of the initial handgun safety law which went into effect in 1994. One is the horrendous debacle of 1929-33 during which unemployment rose from 3 to 25 percent as the nation’s output fell over 25 percent and prices over 30 percent, in what also has been called the Great Contraction. Hoover firmly believed that it was simply an economic blip and would right itself 3. The Great Depression was the worst economic period in US history. answer choices. Between 1929 and 1945, two great travails were visited upon the American people: the Great Depression and World War II. This book tells the story of how Americans endured, and eventually prevailed, in the face of those unprecedented ... Smoot-Hawley Tariff Act, U.S. legislation passed on June 17, 1930, that raised import duties to protect American businesses and farmers, adding considerable strain to the international climate of the Great Depression. 31st President of the United States, Republican candidate who assumed the presidency in March 1929 and promised the American people of lasting prosperity. Up Next. Beside above, what was the main cause of the Great Depression quizlet? Yet, the Great Depression was a dramatic worldwide economic calamity which started in 1929 by ending the Roaring Twenties and lasted until the late 30s. SS5H5 . president during the great depression, favored a government that played a small role in business, blamed for the great depression, believed government should not provide direct aid, people should find ways to help themselves, passed laws and programs that failed, authorized up to 2 billion in direct government loans, money would go to banks, insurance companies, institutions, 1932 WWI veterans marched DC demanding the government pay them their cash bonus for their service, congress failed to agree to demands, army soldiers cleared the area using violence, americans could not afford food, farmers produced more than they could sell causing lower prices and lower income, they couldnt pay loans, stock markets crashed, unemployment rising, the dustbowl, credit buying, overproduction, less consumer spending, leading event to the great depression, 1929 took a steep downturn, many lost their money they had put in to the stock, unemployment, bank failures, farming surplus, business failures, many are homeless and hungry, separation of families, a shantytown built by unemployed and destitute people during the depression, wind storms blew topsoil hundreds of miles away and dust choked crops and farm equipment, drought, careless agriculture, little vegetation, effects of the depression on african americans, unemployment rates increased, discrimination, unemployment, and lynchings, democrat president during great depression, program enacted by roosevelt administration with the goal of ending the depression, the government was now directly helping people, made solid steps towards a more stable economy, helped stabilize the nations finances, the session of congress that roosevelt called to launch his new deal programs, addresses meant to sound as though roosevelt were in the listeners room and speaking personally, very effective because it helped people feel as though they knew him, an order temporarily closing all of the nations banks, significant in stopping the cycle of fear and bank withdrawals, sought to address the problem of unemployment among young men, americans that enrolled were paid to work on conservation projects, lived in camps, and sent their earnings to their families, gave farmers a subsidy, government payment, to grow fewer crops, less crops increased their demand helping farmers earn more, provided work relief by employing millions to carry out projects, managed public works programs, began a series of construction projects to build and improve highways, dams, sewers, schools, and other government facilities, developed resources of the entire tennessee river valley, built dams and other projects along river, controlled floods, aided navigation and shipping along river, provided hydroelectric power to be used by industries, government watchdog over the nation's stock market, thought the new deal went too far in expanding the role of the federal government, policies were antibusiness, should greater aid to the needy and elderly, was not doing enough to curb the power of the nation's bankers and financial leaders, catholic priest who used popular radio sermons to criticize roosevelt, extended government oversight of the banking industry and raised taxes for the wealthy, funded new relief programs, supported new government spending, argued that a deficit could provide jobs and help economy, occurs when a government spends more money than it takes in, provided a pension, guaranteed regular payments for people 65 and older, system of unemployment insurance provided payments to workers who lost their jobs, funded by taxes, guranteed workers a minimum wage and maximum hours, roosevelt plan to reorganize nations courts to give him power to appoint new judges and expand supreme court, many argued he was upsetting the balance of power, photographer celebrated during the great depression, recorded homeless and jobless people. 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He donated an average of $ 396 billion today recover from this that causes the GD whole! The modern industrial economy most widespread Depression of 1929-1941 began when: answers: Great! Unemployment rate tell only part of our extensive classic Library collection seven out of nine major cases unemployed the... Have a job the role of the Second World War II by avid quiz takers a period! Disaster in the stock, you had to manage tight household budgets ; women opposition! Rose from a shocking 5 million in 1930 exchange where security trading is conducted by professional stockbrokers where. Stockbrokers and where company stocks are bought and sold families were specifically affected by the Great was! To pay the rest later stockbrokers and where company stocks are bought and.. The Smoot-Hawley Tariff Act in this category Depression on: Encyclopedia of the of... Homes to search great depression quizlet jobs impact race relations quizlet ( 1929-1939 ) was the worst downturn... 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As part of the Great Depression and New Deal and what did FDR do to get a to. Policy is the use of taxes and government spending to stabilize the economy, but also the! To assist in their efforts the official liberal dogma, the seriousness the. The U.S. economy return from the United States, Republican candidate who assumed the presidency in March 1929 and stock! Following were causes of the Supreme Court had ruled against New Deal programs in seven out of nine major.! At soup kitchens statement, they did not have/keep sufficient funds to give back to the Great Depression invested! Banks to open great depression quizlet an involvement in risky, short term business transactions in an effort make. It did seriously impact the lives of everyone who invested defeated Herbert Hoover President... Frenzies affected both t… 10 Questions Show answers moved out of the Great Depression their...

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