Buying on Credit:
- It allowed people to buy things and then pay for them later
Buying on Margin:
- Allowed people to buy shares for 10% to 20% of their actual value
- "Margin millionaires" went broke
Agricultural Recession:
- Since better technology was increasing supply at a higher rate and demand for food was not increasing at the same rate prices fell and farmers incomes dropped
Bank Failure:
- They failed because people began to lost their savings due to the deposits in the bank
- They decided to be more careful about who they gave loans out to
The Second Deal:
National Labor Relations Act-Focused on stopping employers from using intimidation to break up Unions. As a result wages of the ordinary person rose
WWII:
- As soon as the war began the New Deal ended
- The same year the U.S joined the war in 1941 the Great Depression ended
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