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01-11-2016
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4 causes of the great depression

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01-11-2016

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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