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Unformatted text preview: Market opens up for food imports, accelerates modernization in agricultural Rate of personal income has not been keeping up with services and goods Relies upon the continuing expansion of economy and increase in income Effects the ability of consumers to keep making money over time Encouraged to invest their money in very risky schemes Rather than investing money in tangible items Investing in stock market, inflate stock prices, make large amounts of money very quickly Did not gain any long term social benefits Lack of effective regulation Lying about how well a company is doing to steal money from investors Much of their stock had been bought with borrowed money People unable to pay back loans to bank, banks go bankrupt Responses to the Great Depression Currency based on the current value of gold Able to spread around the globe since all currency was interconnected Stabilize the economic situation as well as the political situation...
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