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Credit was a leading problem to the Great Depression.
I just bought my car on credit!
When the stock market crashed many people lost their jobs and some became homeless they didn't have the money to pay back their debts and loans.
I lost my job due to the stock market crash.
Oh No! What can we do we need money to pay back the car
This was bad for farmers because they couldn't pay back their debts or loans. They had a surplus of food so they had to make them cheaper.
Farmers such as my brother, couldn't sell food fast enough. They had to lower the price of their goods.
What am I going to do! I need money but I can't sell my food. I have to much of it
This made other countries put tariffs on American goods causing Global trading to be bad.
We shall have the Smoot-Hawley Act, which will put a tariff on foreign imports to the U.S.
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