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1929
The year marked by the stock market crash in October, which led to the Great Depression, a severe worldwide economic downturn.
High Inflation
Is a term describing a situation where prices for goods and services rise excessively, reducing purchasing power and potentially destabilizing the economy.
Recession
A period of temporary economic decline during which trade and industrial activity are reduced, usually identified by a fall in GDP in two successive quarters.
Supply-Side
A macroeconomic theory arguing that economic growth is most effectively created by lowering taxes and decreasing regulation.
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