Underlying Economic Problems contributed to the Wall Street Crash

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Underlying Economic Problems contributed to the Wall Street Crash
1 Wealth was distributed unequally
1.1 Rising profits were not passed on to workers, so some people were too poor to spend and so there was less demand than production
2 Overproduction
2.1 After too much had been produced companies started to lay off staff, leading to unemployment
2.2 More was being made than needed
3 Banks were largely unregulated
4 Expensive loans
4.1 People had been borrowing money in the 'boom' time to buy shares, but loans couldn't be repaid after the crash
5 Bad market for American goods
5.1 Barriers to trade (like tariffs)
5.2 European countries had suffered after the war

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