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| Topic: |
History
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| Number of pages / Number of words: |
4 / 1061 |
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This concept of buy now pay later just the delayed unforeseen truth that they still had to pay for the goods they purchased. People had so much debt that they could not by the product coming of the assembling lines.
American farmers who reprentsents one quarter of the American economy were already in a depression in the 1920's, which made it difficult for farmers to participate in the "shopping spree" that the other Americans were doing...
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This was because the farmers had expanded there output during WWI when demand for farmed goods was high and Europe was cut sharply. Then after the war the farmers found themselves competing with the international markets. This then caused farmers to lower their prices and to sell the goods without profit...
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