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Q.

The stock market crash of 1929 led to the[[1]].


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Detailed Solution

The stock market crash of 1929 led to the Great Depression: The Central Bank of America's strict monetary policies; the 1929 stock market collapse; The stock market fall hurt banks, causing them to fail as more customers withdrew their savings, causing them to close. In addition, the Tariff Act of 1930, also known as the Smoot-Hawley Tariff, imposed high tariffs on imported goods. Trade partners responded by imposing hefty taxes on American-made goods in retaliation, which caused a two-thirds drop in global trade between 1929 and 1934.
 
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