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1929 October 10, PRICES COLLAPSE ON THE NEW YORK STOCK EXCHANGE (USA)

The Jewish community, which relied heavily on contributions, had to retrench, cutting back on essential services to orphanages, synagogues and schools. Discrimination in the form of job rejections became commonplace. The Depression led to a hiatus in immigration to the USA and pressure on the government to apply immigration quotas. The Depression was world-wide and encouraged the growth of both communism and fascism. In Germany it led directly to the rise of the Nazi party.




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