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viva [34]
4 years ago
13

How did buying on credit in the 20s cause problems in the 30s?

History
1 answer:
skad [1K]4 years ago
5 0
People enjoying the economic boom, from the post ww1 period bought virtually everything in credit and were in constant credit cycles. They would borrow credit to pay credit, sell and buy in credit, etc until the cycle of borrowing could not  be managed any further. Banks lost a lot of money to the unrestricted economy as people could not pay their credits and banks collapsed with depositors money.
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Answer:

Style of fighting

Explanation:

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C is the correct answer. All of the attempts were failed.


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6 0
3 years ago
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Which of these describes the purpose of the "Headright System" used in many areas early in Georgia's history?
Rudiy27

Answer:

To encourage people to settle in colonies

Explanation:

The headright system was a system in which people were given some land in areas such as Virginia, North and South Carolina and Maryland with the purpose of getting more people to work in those regions.This method demonstrated that it was really effective since the population in the British colonies got higher.

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