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The Great Depression In October 1929 the stock market crashed, wiping out 40 percent of the paper values of common stock Even after the stock market collapse, however, politicians and industry leaders continued to issue optimistic predictions for the nation's economy
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Market Summary At Close 4:51 PM ET: All of the major indexes were weak Friday, as the S P 500 lost 0 58% to finish at 2,859 53 On the NYSE, declining issues outpaced advancing issues by 3 0 to 1
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