Unformatted text preview: so many people who had invested their entire life savings basically lost them. Another event that caused the great depression would be the government putting a high tax on imports which meant that foreign countries would not trade with America. The economy now is heading in the same direction the government is putting high taxes on everything. In fact Illinois just passed a bill for a sixty six percent increase on taxes. I think it is wrong just because the state has lost money does not mean we should have to pay for their mistakes....
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- Spring '10
- Great Depression, Wall Street Crash of 1929, Stock Market Crash