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24-02-2022
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why did the inflation happen between 1929 and 1933

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morgansousa100 morgansousa100

24-02-2022

Much of the “Roaring” part of the Twenties was the result of loose credit and stock market speculation. ... Then stock market crash caused a panic and thus a liquidity crisis as banks and other lenders became risk adverse and refused to loan money.

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