America Was The Cause Of The Great Depression

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When Black Tuesday hit Wall Street on October 29, 1929, investors traded around 16 million shares on the New York Exchange in a single day. Billions of dollars were lost. This wiped out thousands of investors. This sent America and the rest of the industrialized world into one of the greatest economic tragedies. It would be named the Great Depression and world last from 1929 through 1939.
The Great Depression halted banks and began shutting them down. Banks started to slowly go out of business but the rate rapidly increased day after day. Once people, most importantly farmers, had less money to spend, banks began to fail at alarming rates. Without people spending money, banks held no purpose. This is what caused them to fail. In just the

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