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When did the Industry frow at only 0.7% and then grew higher rate of 3%?
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- overproduction- led to increased unemployment ratesbank failures- depositors lost almost all their moneystock market crash- set economy into paniclow interest rates- encouraged big loanshigh tariffs on foreign goods- led to not much trading internationallytoo much buying on creditlittle regulation on stock market and banks- allowed banks to put much of their depostiors money into the stock marketsteel, textile, and construction industries were down