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
World war 1 lasted four years. What were the war years
BabaBlast [244]
World war 1 began on 28 July 1914 and ended on 11 November 1918, so the years when WW1 lasted were 1914, 1915, 1916, 1917, 1918 it lasted exactly 4 years 3 months and 2 weeks :)
5 0
4 years ago
Read 2 more answers
how did the consequences of the americsn revolution differ from the consequences of the french revolution
lora16 [44]

ANSWER


when the French Revolution was the complex conflict with some numerous triggers and causes American Revolution set the stage for an effective uprising that the French had observed firsthand.



8 0
4 years ago
Which of the following describes a contribution of french enlightenment philosopher voltaire?
Yanka [14]

He wrote the short novel Candide about the ills of society, using humor and irony.

6 0
3 years ago
What two countries did Hitler take over with out even going to war?
Triss [41]
Czech republic and Austria I believe
8 0
3 years ago
Which Cold War event happened last?
jarptica [38.1K]
I believe was the frozen<span> conflicts besides the cold war that started in 1985 and ended in 1991 I mean if the frozen conflicts don't count as the last one then I THINK it is the cold war (1985-1991). :)
</span>
6 0
3 years ago
Read 2 more answers
Other questions:
  • Steve called Jane Monday night and asked her to go out for dinner Friday night. Jane happily accepted. Steve told her he would b
    15·1 answer
  • Which explains a consequence of the rise of global virtual markets?
    9·2 answers
  • What goals in regards to education would you like to see achieved in the new administration?
    6·2 answers
  • Which lines best support the theme that one should be brave when faced with obstacles? 1) In the fell clutch of circumstance I h
    9·2 answers
  • What are two features of the industrial revolution of the 18th and 19th centuries?
    7·1 answer
  • Which statement best compares North and South Korean governments after the Korean War?
    10·2 answers
  • How did William Seward's purchase of Alaska and the Aleutian Islands become profitable?
    7·2 answers
  • 11. Which best describes Bartolomeu Dias?
    9·2 answers
  • ) Which was NOT created as a result of World War II?
    11·2 answers
  • Theoriddle1 <br><br>7×21 <br><br><br>HELP ME !!!!​
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!