miyaescobar miyaescobar
  • 11-09-2017
  • History
contestada

What effect did the use of credit have on the economy in the 1920s?

Respuesta :

kendall30 kendall30
  • 11-09-2017
It caused the Great Depression, since people invested in buying luxurious things, which caused a great amount of debt for themselves. Rising debt led to restrictions on new loans, more bankruptcies, etc.
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23reyesa 23reyesa
  • 01-12-2021

Answer:

It made the economy weaker.

Explanation:

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