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How Did Jackson Deal With The Great Depression?

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When Bartholomew Olafsson got to the harbor he was offered a job as a sailor. He accepted, and worked three and a half years at sea. It was difficult with the depression going on, and he lived on a simple diet of bread, cheese, drink, and the occasional slice of ham. When the economic collapse ended he stopped sailing, and lived in New York. In the summer of 1846 he met Jennifer Olafsson. They got married, and lived happily for 5 years. They were tavern owners, and donated profits to the old church that had helped him just years earlier, St. Ignatius. One day, Cornelius Worthy walked into the tavern for a drink, and immediately recognizing Bartholomew, Worthy ran out of the bar. That night, Cornelius Worthy snuck into the tavern, and killed Bartholomew in his sleep.
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up until 1907. Later in 1929, the Great Depression started. It was much worse than the Panic of 1837, but in some ways it was the same. Banks were closed, and many people lost their life savings to banks. The stock market had crashed, just like speculation, and maybe if people had payed attention to the past, the Great Depression would never have happened. Later in the mid 1900s, congress passed laws restricting bank loans, and the use of money. Today, most banks are FDIC insured. If a FDIC insured bank can't give you your money, the treasury pays you back. FDIC is very productive, and the biggest banks are always insured. Looking back to all the financial crises from 1800 to 1940, congress made sure that bank failures would not cause problems today. While many banks have closed down, at least the people haven’t lost money, thanks to the government. While many financial crises have still happened, the severity in bank failure has been

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