§ Economic weaknesses- consumers can’t buy, inventories rose
§ Led to layoffs
§ Higher tariffs reduced world trade (Smoot-Hawley 1930)
§ Farmer’s Depression
§ Banking Crisis
· Had to call in loans
§ Over speculation in Stock Market, crash 1929
· Buying stock on margin
Tell ’em where you saw it. Http://www.victoriataft.com
