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WordPress is, quite bluntly, a really badly designed pile of shit. Not knowing your server specs, I can't say if it was WP, or the host at fault. Only 1k, though, most likely the host.
There are plugins to cache the data, and even optimizations to not use 400,000 SQL calls for each page query, but unless you pay for a damn decent machine, or pay for someone to alter it to do what you wish: You will not be happy with the results.
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