What effects did the great depression have on the credit industry

Business

2 answers:

NikAS [45]3 years ago

8 0

It expanded the credit industry because all americans credit was effected by the great depression

lys-0071 [83]3 years ago

8 0

The Great Depression was caused by several things, but compound interest and other things that the credit industry finagled to get the most money out of their consumers was a definite cause. After the Great Depression, credit cards had much more strict regulations, much more.

"Post War Era" I'm assuming meaning post-WWII, if so following WWII consumer borrowing had much stricter regulations in correlation with credit cards, as people could borrow or purchase things they couldn't afford and pay it off with a credit card.

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