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    History A-Level

    Economic collapse and its human consequences

    What Economic collapse and its human consequences means in History A-Level, as defined for Pearson Edexcel.

    Definition of Economic collapse and its human consequences

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    Reference: Pearson Edexcel

    GDP collapsed from about $104 billion in 1929 to around $58 billion in 1932, a fall of roughly 44%, while workers faced wage cuts, short-time working and dismissal.
    Pearson Edexcel · Depression and New Deal, 1929–38 (study guide)

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