history wall street crash.

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  • wall street crash
    • over-production
      • companies were making more consumer goods than they could sell making prices to fall and unemployment to rise.
    • Unequal distribution of wealth
      • In the 1920's the rich got richer and the poorer got poorer.
    • High import tariffs.
      • Countries outside the US made American products too expensive to buy anywhere else so there was nowhere to sell to.
    • Speculation on the stock market
      • inexperienced people invested in the shares. Once companies started to fall in value panic selling began

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