History wall street crash

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  • Consequences of depression
    • Industrial production dropped by 45%
    • 5,000 banks went out of business
    • over 13 million people were unemployed, they couldn't pay taxes or buy consumer goods
    • Farmers lost their land, workers had to leave to look for work
      • Over production led to dustbowl
    • In cities people lost houses and lived in Hoovervilles
    • People couldn't afford food so queued in bread lines
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