Describe The Decline Of The Economy In The 1920-1930's

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In the 1920-1930s the American economy was very weak and people thought that the whole world economy would collapse. Unfortunately in 1929, it did. Uneven distribution of wealth, business in agriculture over production, and the fact that people are buying less we're all examples of economic problems in the United States. By 1929, American factories were turning out more than half of the worlds industrial products. This obviously was a lot of profit. However, it was not evenly distributed. Most families were very poor and cannot buy the goods that were being produced. Unable to sell them the factories we're forced to cut back their orders. A downward economic spiral began. More workers were losing their jobs and families were buying even

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