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skelet666 [1.2K]
3 years ago
7

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

History
2 answers:
Sati [7]3 years ago
8 0
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.
ASHA 777 [7]3 years ago
3 0

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

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Which factors led the greeks and persians to organize their cities in very different ways
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The greeks are surrounded by sea, making it easier for them to built fort-based city. This type of city organization of course couldn't be done by the persians that's surrounded by desert. Hope This Helps!

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Match each Enlightenment philosopher to the book that he wrote.
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Will give 50 points write an essay describing three innovations of the late nineteenth and early twentieth centuries and their e
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There were two technological innovations that profoundly changed daily life in the 19th century. They were both “motive powers”: steam and electricity. According to some, the development and application of steam engines and electricity to various tasks such as transportation and the telegraph, affected human life by increasing and multiplying the mechanical power of human or animal strength or the power of simple tools.

Those who lived through these technological changes, felt them to be much more than technological innovations. To them, these technologies seemed to erase the primeval boundaries of human experience, and to usher in a kind of Millennial era, a New Age, in which humankind had definitively broken its chains and was able, as it became proverbial to say, to “annihilate time and space.” Even the most important inventions of the 19th century that were not simply applications of steam or electrical power, such as the recording technologies of the photograph and the phonograph, contributed to this because they made the past available to the present and the present to the future.

The 1850 song, “Uncle Sam’s Farm,” written by Jesse Hutchinson, Jr., of the Hutchinson Family Singers, captured this sense that a unique historical rupture had occurred as a result of scientific and social progress:

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This change in work was the division or specialization of labor, and this “rationalization” (as it was conceived to be) of the manufacturing process occurred in many industries before and even quite apart from the introduction of new and more powerful machines into the process. This was an essential element of the industrialization that advanced throughout the 19th century. It made possible the mass production of goods, but it also required the tight reorganization of workers into a “workforce” that could be orchestrated in various ways in order to increase manufacturing efficiency. Individuals experienced this reorganization as conflict: From the viewpoint of individual workers, it was felt as bringing good and bad changes to their daily lives.

On the one hand, it threatened the integrity of the family because people were drawn away from home to work in factories and in dense urban areas. It threatened their individual autonomy because they were no longer masters of the work of their hands, but rather more like cogs in a large machine performing a limited set of functions, and not responsible for the whole.

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i hope this helps you!!!!! have a good day!!!!! :)

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According to the bible, it took 6 days for GOD to create the earth, and on the seventh day, he rested.


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