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Causes of the Great Depression

AB
Federal Reserve Boardfailed to prevent the collapse of the banking system
tariffstaxes that strangled internatioal trade
stockpart of company; people can buy it
overspeculatingpurchasing too many stocks, hoping the market will go up
buying on marginusing borrowed money to buy stock
overproductionbusinesses made more goods that people actually bought
bad banking practicesbanks did not keep enough cash on hand
gap between rich and poorresulted in businesses failing when rich lost their money
Black Tuesdayeveryone rushed to sell their stock, which caused the prices to drop
bad business practicesbusiness owners invested money in machines instead of workers

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