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PolarNik [594]
3 years ago
13

What effect did the use of credit have on the economy in the late 1920s

History
2 answers:
frozen [14]3 years ago
8 0
Buying on credit was a huge problem in the 1920s. Since the 20s was a period of great economic boom, not many people took the future into consideration. The American farms and factories produced large amounts of goods and products during the prosperity before the Depression.
nalin [4]3 years ago
8 0
Economic boom happened then the Great Depression happened
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I hope this helps!
Good day to you.
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The correct answer is letter C.

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The prices climbed sharply before World War I and peaked after its end. European farm production was able to guarantee years of low prices and the American agriculture was deemed to a great depression even before the stock market crash of 1929. The prices climbed in the mid-1930s and then plunged again. Not until World War II did America sustained increases in price and demand.

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