1. The Great Depression
... , to be the worst recession our country would ever have. Many people think that the market crash was the cause of the depression, the crash weakened our economy therefore making us less resistant towards any existing defects, and those defects could multiply rapidly and bring down the ... on European goods eliminated America out of its market. Europe lost the American market and soon Europe's economy would collapse and the depression would soon be worldwide. The depression would hit America like the black plague. There has never been such a recession like this in history. Following the m...
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