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
AnnyKZ [126]
3 years ago
11

What did credit have to do with great depression?

History
1 answer:
jarptica [38.1K]3 years ago
5 0
Credit is essentialy a loan given that is paid back with interest. Arguably, credit caused the Great Depression. Many Americans invested in the stock market with credit when they did not have the money, so when a recession in the stock market occurred, many stockholders were in huge debt. Banks that lended money were out of money, and depositors lost money. This caused homes to foreclose, and because of the decrease in consumer purchasing power (people were in debt), companies laid off workers and unemployment rose.
You might be interested in
Hindi makatulog nang maayos. pano ito tinugunan<br><br><br>pa sagot mo plss​
schepotkina [342]

Answer:

I Can't understand what does this supposed to mean

7 0
2 years ago
Which Supreme Court case upheld the right of individuals not to salute the flag?
Anastasy [175]

Answer:

West Virginia Board of Education v. Barnette

Explanation:

West Virginia State Board of Education v. Barnette, 319 U.S. 624, is a landmark decision by the United States Supreme Court holding that the Free Speech Clause of the First Amendment protects students from being forced to salute the American flag or say the Pledge of Allegiance in public school.

3 0
3 years ago
Idk the answer to this question :)
Hatshy [7]

Answer:

c

Explanation:

Because the U.S had to fight fro all of the states we have now

4 0
2 years ago
Read 2 more answers
NEED HELP PLEASE
alexandr1967 [171]
A is the right answer
3 0
3 years ago
Read 2 more answers
Who controlled Vietnam for more than a thousand years beginning in 200 B.C.?
taurus [48]
The Chinese control it

4 0
3 years ago
Read 2 more answers
Other questions:
  • Describe Mussolini according to New York Times.
    5·1 answer
  • What are three things were accomplished by the fall of Atlanta
    5·1 answer
  • Under the original constitution, senators a. could serve only two terms. b. were selected by the federal judiciary. c. were appo
    6·1 answer
  • Which method of protest and fighting did martin luther king jr believe to be the most effective in gaining civil rights
    10·2 answers
  • How high is the highest part of the Panama Canal?
    6·1 answer
  • How did the Spanish cabildo affect the Louisiana Colony? Check all that apply.
    5·2 answers
  • How did the Fourteenth Amendment affect civil liberties in the United States?
    8·2 answers
  • Which philosopher founded Taoism?<br><br> Qin<br> Laozi<br> Han Feizi<br> Confucius
    14·2 answers
  • Developments such as the one depicted in the painting most directly contributed to which of the following in Afro-Eurasia in the
    15·1 answer
  • Owny were missions and presidios always close to each other?​
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!