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by jin jang on January 25th, 2008
The dollar value collapsed,the housing prices dropped substantially,there was a run on the banks which had to close down.The stock market went down then there was panic and massive selling of stocks that lead to it's collapse.Middle class society was in peril,and many lost everything.There was few social programs that could help the massive unemployment and food lines were needed to feed the poor.It was the time of the "dust bowl" and a drought causing farmers to loose everything.The few that could hold on,and the rich profited from the depression for they could by property and goods at 10 cents on the dollar.
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