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Iowa Time Machine ⏰: On December 21, 1932, the third bank in Iowa Falls failed as Iowa entered the extreme depths of the Great Depression. As corn fell to 8 cents per bushel, pork prices plummeted to 3 cents per pound, and beef reached five cents a pound, Iowans struggled to survive the most significant economic crisis in the country’s history. Although the stock market crashed in 1929, hard times set in in 1926, when average input costs for equipment, seed, taxes, and other expenses crept below
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