Causes of the Great Depression

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What was the stock market crash of 1929?
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A major stock market collapse in October 1929 that marked the beginning of the Great Depression.
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How did bank failures contribute to the Great Depression?
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Many banks failed due to bank runs, leading to loss of savings and reduced economic confidence.
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What role did overproduction play in the Great Depression?
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Factories and farms produced more goods than could be sold, leading to reduced prices and economic stagnation.
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How did tariffs worsen the Great Depression?
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High tariffs, particularly the Smoot-Hawley Tariff, reduced international trade, harming the global economy.
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What effect did the Dust Bowl have on the Great Depression?
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The Dust Bowl exacerbated economic hardship by destroying farmland, leading to displacement and poverty.
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