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
In developing nations, there has been massive economic growth, generating demand for more products and globalization as a reaction to these goods. There was a mistake. The UK is the greatest example of a capitalist industrial country
