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Explanation:
At the same time, labor unions won long-term employment contracts and other benefits for their members. Farmers, on the other hand, faced tough times. Gains in productivity led to agricultural overproduction, as farming became a big business. Small family farms found it increasingly difficult to compete, and more and more farmers left the land.
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Explanation:
How did the drop in consumer demand affect the US economy?
The pace of economic growth has slowed to 2% due to a significant decrease in consumer expenditure. The US economy expanded at a 2% annualized rate in the third quarter, the weakest rate since the conclusion of the 2020 recession. Consumer expenditure and home investment slowdowns aided in keeping the figure low.
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The stamp act was a direct tax on the colonists and led to a major cause of the revolution. “Taxation with representation”
