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Understanding this, the answer to whether we are entering another Great Depression lies in part with how Americans react to the latest news. If individuals fear for the future, they might not purchase as much. Obviously with less being purchased, there will be less to manufacture. This will result in a loss of jobs...
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Obviously with less being purchased, there will be less to manufacture. This will result in a loss of jobs. If consumer confidence stays high then we might experience a serious recession but hopefully we will be able to avoid the worst of the Great Depression.
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