weaknesses in US economy 20's

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  • weaknesses in the US economy by the late 1920's
    • exports & foreign competition
  • banks unregulated
    • weaknesses in the US economy by the late 1920's
      • exports & foreign competition
  • credit industry
    • existing industry weakness
      • inequality
        • competition from Canadian grain growers
        • coal & textile industries >> less demand b/c alternatives - electricity/ rayon
        • people borrowing heavily to speculate on the stock market
        • producing too many goods/ everyone who could buy - had already bought!

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