The stock market crash of 1929 was primarily caused by the excessive federal deficits runup during the Coolidge and Hoover administrations.

Name: The stock market crash of 1929 was primarily caused by the excessive federal deficits runup during the Coolidge and Hoover administrations.
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The stock market crash of 1929 was primarily caused by a speculative bubble, over-leveraging by investors using margin loans, and a lack of regulation in the stock market, not by federal deficits.

The Stock Market Crash of 1929 Was Primarily Caused by the Excessive