Where within the business cycle

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Where within the business cycle was the United States operating in October of 1929? Briefly compare and contrast the period of 1929 - 1932 with what has taken place in the United States over the past 4 years. While you may feel what happened in 1929 had no affect on your professional life, comment on what the past 4 years has done. Please give one example. must be at least 150 words

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