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Credit expands- People bought good they couldn't afford on credit

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Reparations- German industry gone after WW1

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Effect of credit expands: Banks failures and collapse of credit.

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American industry too dominant

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Effect of reparations: High unemployment

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Stocks market crash 1929-US stocks crashed, businesses and banks close

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Collapse of products in world trade

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Growth of nazi party and blame of Jews for economic collapse

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High protective Tariffs- Tariffs tax imported goods, hard for countries to trade with each other