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Blog

The Great Depression in the United States (1929 – 1941)

Aug 4, 2018

The Great Depression: Causes & Responses

Causes:
1) Overspeculation of Stocks
2) Wage Stagnation
3) Gold Standard
4) Banking Practices

President Hoover’s Responses
1) Increased Tariffs (Smoot-Hawley)
2) “Liquidate Everything”

Outcome: WWII

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