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RE: LeoThread 2025-02-20 00:52

in LeoFinance3 days ago

Part 5/13:

The stock market crash of 1929 heralded the onset of the Great Depression, plunging Los Angeles into economic hardship. The city, heavily reliant on the unstable oil and entertainment industries, faced soaring unemployment and poverty. Despite these tribulations, Los Angeles displayed remarkable resilience, eventually bouncing back through diversification into agriculture and aerospace sectors, aided by New Deal programs and the economic opportunities presented by World War II.

World War II: Transformation into an Industrial Powerhouse