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Put Yourself in the Place of a Blacksmith During the Early

Question 64

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Put yourself in the place of a blacksmith during the early years of the 20th century. Assume you and all the other blacksmiths in the town were doing as well as any alternative options that were available. Then cars began to arrive and fewer horses needed horseshoes. Describe, using terms from this chapter, the sequence of events that ultimately led to you closing your shop and hunting another job.

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First, your demand shifted a bit left as...

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