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Q.

The Wall Street exchange crashed in the year ____.


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Detailed Solution

The Wall Street exchange crashed in the year of 1929. This resulted from the Great Depression, a severe economic depression affecting many countries. People started selling their shares in a frenzy due to the fear of falling prices. Many factories were closed, people lost their jobs, exports fell considerably, and farmers were badly affected as the prices decreased severely. Eventually, industrial and agricultural production hit a record low. As a result, hundreds of people were impoverished.
 
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