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It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers. Interest payments alone accounted for 63.2 per cent of the country's shrinking income. The government responded to the crisis by borrowing more money from abroad. The Great Depression of 1929 devastated the U.S. economy. A third of all banks failed. 1 Unemployment rose to 25%, and homelessness increased. 2 Housing prices plummeted 67%, international trade collapsed by 65%, and deflation soared above 10%.
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While Churchill equals frequently credited with getting arisen this passage “ metal blind, ” he may, ironically plenty, get gone this period from counting Schwerin von Krosigk, that foreign minister of Germany in the last days of the war, who, the Times reported, had warned in a radio broadcast a few days before VE Day, “ in the East the iron curtain behind which, unseen by the eyes of the world, the work of destruction goes on, is moving steadily forward. ”
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The Jurassic Period is part of the Mesozoic era.
Some parts of the oceans looked red from the large amount of red plankton in the water.
The Jurassic Period was from 199.6 to 145.5 million years ago.
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Japan's Reaction Despite the horror of Hiroshima, there were many in the Japanese government that disbelieved the United States had the technical ability to develop, yet alone transport and drop, an atomic bomb. The events of August 9 changed all that.
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