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Unemployment rates were dropping drastically. Many factories were shutting down and going out of business due to low production rates. This caused even more unemployment and bigger problems.
1929 - Stock Market crashes. The stocks that the bankers had bought were losing their percentages every day. When banks came in to try and ¨help¨ they made matters worse.
Banks System start to crash Due to Hoovers new plans and tariffs the banks start to lose money. As the economy got stronger the banks grew weaker. To try and save the money they figured it would be easy to use the 10% they get from other accounts and use that to pay back their debts. Unfortunately that failed and the banks financial system went to nothing.
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