-- overconfidence prosperity
-- large industries not successful as they seamed to be
-- farmers producing more than they could sell
-- competition from foreign countries
-- United States extending loans to foreign countries for purchase of its products
-- people buying too much on credit
-- speculative buying on the stock market
The 1929 Crisis, also known as the Great Depression, was a strong economic recession that hit international capitalism in the late 1920s. It marked the decline of economic liberalism at that time, and its causes were overproduction and financial speculation.
