Credit is essentialy a loan given that is paid back with interest. Arguably, credit caused the Great Depression. Many Americans invested in the stock market with credit when they did not have the money, so when a recession in the stock market occurred, many stockholders were in huge debt. Banks that lended money were out of money, and depositors lost money. This caused homes to foreclose, and because of the decrease in consumer purchasing power (people were in debt), companies laid off workers and unemployment rose.
Answer:
go to this websight it will explain a lot
Explanation:
http://afe.easia.columbia.edu/special/japan_1900_power.htm
Answer:
Horace Mann
Explanation:
Credit for our modern version of the school system usually goes to Horace Mann. When he became Secretary of Education in Massachusetts in 1837, he set forth his vision for a system of professional teachers who would teach students an organized curriculum of basic content.
