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7 November, 00:11

During the Great Depression (1932) how many households lost their property due to foreclosure?

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  1. 7 November, 00:52
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    In 1932 between 250-275,000 people lost their homes to foreclosure. In comparison, 68,000 homes suffered foreclosure in 1926. By 1933 foreclosures reached the appalling rate of more than a thousand each day. Housing values dropped by approximately 35 percent.
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