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Essay / Prosperity of the 1920s - 1668 market” (George 29). President Coolidge's presidency was coming to an end and "President Coolidge neither knew nor cared what was happening...he had comforted himself by thinking that it was the primary responsibility of the Federal Reserve" (George 26). On October 29, 1929, the stock market crash plunged the United States into an economic depression. The definition of “The Great Depression – that period of high unemployment, poverty, broken families, low profits, and few opportunities for growth and personal advancement – lasted from mid-1929 to late 1941, and its effects hit not only the United States but also the United States. the whole world” (George 8). The American people were in shock and their lives were suddenly turned upside down with a lot of uncertainty in their lives.
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