1. The Great Depression
"The 1929 Wall Street Market crash had a significant political, social and economic implications for all countries in the western world." ... However, the boom could not last forever and in 1929 the Federal Reserve Board said that it was unwise for banks to lend money for speculation. It was on Thursday October 24 1929, "Black Thursday", that the crash began with 12.9 million shares being sold by the end of the day. ... Malnutrition was yet another widespread affect of the depression. ... American loans and reparations as well as the subsequent failure to recover from World War I were the ...
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