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6 September, 06:27

One reason the Depression of 1929 was a severe in the United States was

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  1. 6 September, 06:43
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    the economy had become primarily industrial and most Americans were affected by business variations.
  2. 6 September, 06:56
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    The government allowed the money supply to decline.

    The collapse of housing prices led to decreased wealth and significant problems in financial markets, as well as a decrease in expected income and a stock market crash.
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