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causes of the stock market crash and great depression
over speculation- too much buying and selling stock for money; this caused stock prices to skyrocket
overproduction of goods- more supply, same demand, prices drop
buying on margin- borrow money to buy stock
too much borrowing from banks due to low interest rates
lack of government regulation on the stock market
federal reserve board- raised interest rates
causes of great depression
stock market crash in 1929
banks failing reduction in purchasing
American economic policy with Europe- smoot Hawley Tariff over 20,000 imported goods had record tariffs for European Countries-promoted American made goods. Europe retaliated with their own tariffs
hurt more than helped all countries of the world
people lost their jobs, so they didn't have money to buy things
money supply was decreasing
suppliers and business didn't have enough money, so they steeply raised their prices
drought conditions-dust bowl. south, southwest farmer's couldn't produce anything massive dust storms
under consumption of goods by consumers
taxes benefit the rich; rich get richer poor get poorer
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