How did business's respond to great depression?

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1009627

2026-05-13 15:35

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During the Great Depression, businesses faced severe economic challenges, leading many to implement drastic measures to survive. Companies reduced production, laid off workers, and cut wages to lower costs. Some businesses diversified their offerings or sought new markets, while others turned to government assistance programs to stay afloat. Additionally, many small businesses closed permanently, contributing to widespread unemployment and economic hardship.

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