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16 June, 23:14

4 causes of the great depression

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  1. 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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