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Stocks were being panic sold by buyers
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A drought that lasted from 1930 to 1936, known as the Dust Bowl, aggravated the problems of the Great Depression. More than a million acres of farmland were rendered useless because of severe drought and years of over farming, and hundreds of thousands of farmers joined the ranks of the unemployed.
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Millions of Americans decided to withdraw there money because they saw Stocks starting to fail.
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Banks had no money to lend because people were withdrawing so much money.
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When the stock market crashed, and the banks failed, and unemployment levels reached higher and higher points, people understandably stopped spending money.
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When consumer spending plummeted during the Great Depression, unemployment rose, reaching its highest level in 1933, when 25% of the workforce was idle.