g0thbab3s.bsky.social
@g0thbab3s.bsky.social
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What caused the Great Depression?

Most people would say the stock market crash of 1929. That was probably the No. 1 factor, but the Smoot-Hawley Tariff Act of 1930 made it worse. The act raised tariffs on over 20,000 imported goods by almost 60%. /1
December 19, 2024 at 1:24 AM