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Great Depression Dbq Essay

417 Words2 Pages

Buying on credit, overproduction, and income inequality were just some of the leading factors to the great depression. It began when installment buying was introduced people didn’t view debts as shameful and bought things at a faster rate than they could pay. People were also investing a lot in the stock market one day it crashed. October 29, 1929 (now known as black tuesday) was the day the stock market crashed. It caused great panic in America since many peoples entire life savings were lost in one day.
Buying on credit did not help the economy because people bought things faster than their income income increased. A time would come when they had to cut back on their purchases and that sales cutback would stump the whole economy (Doc 6).

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