1. During WWI, prices rose and international demand for crops such as wheat and
demand fell af...
1. During WWI, prices rose and international demand for crops such as wheat and
demand fell after the war, and crop prices declined by 40 percent or more.
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2. By the early 1930s, the housing industry declined rapidly as fewer new houses were being built. When
housing falls, so do jobs in many related industries, such as furniture manufacturing and lumbering.
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3. Only half the homes in many cities had electric lights or a furnace for heat. Only one city home in ten had
an electric refrigerator. Many people did not have the money to purchase goods that factories produced.
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4. Some Americans bought automobiles in the form of monthly payments, but could not make those
payments and instead piled up a large consumer debt.
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5. European countries tried to recover from the ravages of World War I by limiting America's ability to import
European goods. This made it difficult to sell American farm products and manufactured goods abroad.
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