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Word Count: 218
The Great Depression was the worst economic slump ever in US history and one that spread to virtually the entire industrialized world The depression began in late 1929 and lasted for about a decade Many factors played a role in bringing about the depression however the main cause for the Great Depression was the combination of the greatly unequal distribution of wealth throughout the 1920s Another reasons for the stock market crash was caused Farmers continued to produce more and more food due to technological advances likes the tractor As production grew farm prices dropped It was simply a matter of supply and demand Also a big drought turned that portion of America into what was called The Dustbowl The theory was that an indicator of money and easy credit stimulated the economy In 1927 the Federal Reserve Board further inflated the currency by creating several more billion dollars People went into debt and the prices of real estate and stocks skyrocketed The policies pursued by Coolidge made the later stock market crash inevitable and depression inescapable Also there was an uneven trade going on between the US and the rest of the world There were more exports than there were imports This meant that the US was loosing money and goods other than receiving
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