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Condense this text to no more than seven words per bullet point: Stock Market Crash of 1929: The market crash triggered a banking panic, leading
Condense this text to no more than seven words per bullet point: Stock Market Crash of 1929: The market crash triggered a banking panic, leading to a significant reduction in bank lending and investment, which in turn led to a severe contraction in economic activity. Policies: The Federal Reserve's monetary policies and the Smoot-Hawley Tariff Act contributed to the economic downturn. Income Inequality: The unequal distribution of wealth led to an unstable economy, as the wealthy invested in the stock market, creating an economic bubble
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