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Unformatted text preview: it should have been. On October 24, 1929 the stock market crashed. The economy is stunned, with no idea of how to save money, or live on a budget. The stocks continued to fall and from 1929 to 1933, the stocks fell from 87 billion to a mere 18 billion. Consumer debt and an increase in credit card spending caused consumer debt to rise by 250 percent. Roughly, 6,000 of the countrys 25,000 banks had closed. Unemployment was at a new high, as nearly 2 million American workers were without a job. The impact was devestating; no job means no money for food or rent....
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- Spring '10