The main effect that the use of credit had on the economy in the 1920s is that it allowed people to make poor and risky investment decisions that led to a great amount of over-valuation of stocks. This led to the Great Crash in 1929.
The main effect that the use of credit had on the economy in the 1920s is that it allowed people to make poor and risky investment decisions that led to a great amount of over-valuation of stocks.
This led to the Great Crash in 1929.
Explanation:
The effect is overproduction, too many credit purchases, stock speculation.
The period from 1920-29 is usually referred to as the 'Roaring Twenties' as a result of it had been a time of noise, spirited action and economic prosperity. the primary warfare had been sensible for yankee business. plant production had up sharply to fulfill the wants of the war
The Space Race is largely seen as an extension of the Cold War in that the US and the Soviet Union fought for Supremacy over the heavens by spending tremendous amounts of money on space research and efforts.
I know that manifest destiny was the mindset of Americans that they were destined to stretch from coast to coast.
The Louisiana purchase was during that time. Napoleon didn't have the troops to keep Louisiana so he sold it to us for cheap.
