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Braxton Hensley
History
16 June, 23:14
4 causes of the great depression
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Kaufman
16 June, 23:16
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Four Causes of the Great Depression:
High demands for consumer goods and agricultural products led to overpopulation
Buying on credit increased personal debt
Buying on margin was a risky market practice--
Bank loans for stock purchases was an unsound practice
The Smoot-Hawley Tariff created trade war worsened world economic conditions
Huge increases in taxes hurt companies and individuals
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