Why was credit an issue that led to the great depression

2 answers:

6 0

<span>"It caused enormous hardship for tens of millions of people and the failure of a large fraction of the nation’s banks, businesses, and farms."</span>

Harman [31]3 years ago

4 0

There many things that led to the Great Depression. The stock markets crashed and factory and farm workers were paid a very small wage. The invent for new technology made prices go down. More money was printed which caused inflation and led to the Great Depression. So your answer would be, when people had credit, it led them to spend over the amount of money than they had.

You might be interested in

Which of the following nations is known to enlist children as young as eight into its army? A: Colombia B: Algeria C: Finland D:

Angelina_Jolie [31]

Answer:

The answer is A

Explanation:

It is A :)

3 0

4 years ago

Guys pls help me!!!!!!!!!!!

tatyana61 [14]

Answer:

Explanation:

4 0

3 years ago

What was the native religion of Japan?

Eddi Din [679]

The answer is b. Shinto

4 0

3 years ago

Read 2 more answers

Why did the constitutional convention delegates agree on a bicameral legislature

mojhsa [17]

It was a compromise to appease both sides of the debate. They decided to have a bicameral legislature in order to encompass both systems. One that has equal representation regardless of the size of the state, and one system that has representation based on the number of the population. This way both sides would be happy, and that's why today there is the Senate and the House of Representatives, and both houses form the Congress which is the seat of federal power.

7 0

4 years ago

Wha is the only crime defined by the constitution

lisabon 2012 [21]

Treason is the only crime specifically defined in the Constitution. According to Article III, Section 3, a person is guilty of treason if he or she goes to war against the United States or gives “aid or comfort” to an enemy. So in short words, treason.

4 0

3 years ago

Read 2 more answers