the correct answers are:
Overproduction of crops which are no longer being bought by Europe.
To protect the country’s economy the government of Washington adopted some measures. Firstly, the establishment of the Smoot-Hawley tariff in 1930. The idea was to protect national production by establishing import tariffs. In this way, imported products would be much more expensive and thus there would be more market for nationals. Although originally intended to apply only to agricultural goods to protect American farmers, the tariff was extended to many more products, including industrial goods.
However, the European countries, which were the main ones harmed by this measure, adopted similar policies in revenge. And thus, the United States was left without an international market in which to sell its products aggravating the internal crisis. And it is more, the measurement generated a paralysis of the international market worldwide, taking the economic crisis to new countries.
American banks and everyday Americans making risky investment choices.
In the first years of the Great Depression, more than 9000 banks went bankrupt, leaving depositors without savings. At that time, there was no FDIC guarantee. This means that the money deposits were not insured in any amount. If the bank went bankrupt, the savers ran out of money. And this was precisely what happened. In addition, seeing what was happening with banks, there was a massive withdrawal of savings from all types of banks faced with the fear of running out of savings. Which led to the bankruptcy of banking institutions that were solvent, but could not cope with the giant withdrawal of deposits.
