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Several practices contributed to the Great Depression in the U.S., including rampant Stock Market speculation and the overextension of credit, which led to an unsustainable economic bubble. The banking system suffered from poor regulations, resulting in widespread bank failures when panicked depositors withdrew their funds. Additionally, the implementation of tariffs, such as the Smoot-Hawley Tariff, stifled international trade and exacerbated economic decline. These factors combined created a severe contraction in consumer spending and investment, leading to widespread unemployment and economic hardship.

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