1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.
You might be interested in
Which court would most likely be the first court to hear cases regarding
grandymaker [24]

Answer:

C. Intermediate appellate courts

Explanation:

3 0
3 years ago
What did Ptolemy record that has provided historians with accurate dates of ancient civilizations?
lukranit [14]

Answer: D. The reigns of kings

Explanation:

The Canon of Kings which was preserved by Claudius Ptolemy, recorded the reigns of various kings from the Babylonians to the Persians and to the Ptolemies and the Romans. The accuracy is generally not questioned by historians indicating its accuracy.

The Canon was useful to early astronomers such as Ptolemy would use it to date the lunar eclipses as well as other astronomical events to the various reigns of different kings.

8 0
3 years ago
Please I have no clue ​
guapka [62]

Answer:

She sees herself as less privaleged than her white neighbor. She describes herself as being alone when she talks about no one pulling a chair up beside her when she eats. She describes within the first line on how in her mind it is much more of a difficult standpoint. Towards the end she says these things are only put into play by society when she is in public and put in a white background.

Explanation:

7 0
3 years ago
What occurs during market equilibrium?
vodka [1.7K]
There is an agreement of price and quantity in the market therefore all market forces stabilized and reached a price that consumers are willing to pay for goods and producers a price at which they are willing to produce in order to make a profit
4 0
3 years ago
What efforts were taken to maintain peace in Europe during the 1920's
ivanzaharov [21]

Answer:c

Explanation:

7 0
3 years ago
Other questions:
  • Why did the Puritans leave England for America?
    6·2 answers
  • How Did The Rulers Of The Qin Dynasty Shape And Unify China
    7·1 answer
  • 34. How did the nomadic lifestyle of the Aryans influence trade? (essay)
    10·1 answer
  • How did the American Continental Army win the final Battle of Yorktown where the British surrendered?
    9·2 answers
  • HELPOOP ME ON THESE PLEASE ( an read the paragraph too please )
    11·1 answer
  • What provide for the common defense mean
    8·2 answers
  • ???? I need help!! No fake answers
    15·1 answer
  • Every year more than 3 000 of these migrate through the waters around hawaii ?
    9·1 answer
  • PLZZ HELP!! In your own words, explain why is it important to know the fourth amendment and how would it be used today?
    5·2 answers
  • The discovery of gold and silver led to the need for railroads throughout the United States.
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!