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Nikitich [7]
3 years ago
6

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.

<span>"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.</span>
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3 years ago
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Nadusha1986 [10]

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DerKrebs [107]

Answer:

The statement is True

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