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Great Depression (Buying on Credit (People didn't make their monthly…
Great Depression
Buying on Credit
People didn't make their monthly payments
They bought all their goods on credit
Speculation
It was dangerous to speculate in stocks to much
People speculated in stocks
Declined production
No more consumers
less money in peoples pockets
Reduction of Global trade
no variety products
Unemployment
failing companies
less jobs and layed workers
Deflation
Collapse of investments
Consumer Prices affected
Herbert Hoover
Lent money which killed the banks
pushed prices even higher than normal
Poverty
were not able to purchase basic needs and necessities
high levels of debt
Stock Market
Stock market crashes
people lose jobs and money
Banks that lent money
affected banks and costumers
people wet mto debt