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On Black Tuesday, the stock market in New York crashed. This event was casued by investors buying on margin, which means paying 10% price of stock and pay broker back with profits. Also, unemployment rate was rising and bankrupty was increasing. The stock market crash was one of the contributing factors that caused the Great Depression.
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Richard Beford Bennett, known as R.B. Bennett, the leader of the Conservative party, won the election of 1930.
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