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12 October, 00:28

How did the great crash contribute to the Great Depression?

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  1. 12 October, 00:41
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    The depression in the 1930s was caused by excess expansion of credit during the 1920s. This over-extension by banks caused an unnatural disequilibrium in the money markets that initially caused a boom then a bust ... People withdrew money from banks, and banks went out of business
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