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Which of the following statements does *not* accurately describe economic and social conditions in the United States between 1929 and 1933? The existence of comprehensive
Which of the following statements does *not* accurately describe economic and social conditions in the United States between 1929 and 1933? The existence of comprehensive federal unemployment insurance enacted during the Progressive Era greatly alleviated the suffering caused by joblessness, and unemployment benefits helped the economy to recover by boosting consumer demand. Impoverished farmers and their supporters in the "Farmers Holiday" movement attempted to block roads in order to halt the marketing of agricultural commodities, hoping that reducing supply would raise prices. During the early 1930s, Americans who had lost their homes congregated in shantytowns, often nicknamed "Hoovervilles" to mock President Hoover's ineffective response to the Great Depression. By the end of 1932, the national unemployment rate approached 25%, and in some of the hardest-hit manufacturing centers it topped 50%. As unemployed borrowers and bankrupt businesses defaulted on loans after 1929, many banks failed, with depositors often losing all of their savings
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