Most of the signs of prosperity that were misleading involved credit. There were so many consumer goods that had never been around before, and people bought a lot of them with credit, meaning they did not actually have the money. "Buying on the Margin" was the main cause of all this and led to the Great Depression. Before the stock market crash in 1929, around 90% of stocks people owned were bought with borrowed money. In short, people used way too much credit, meaning they had a lot of items signifying wealth, but they did not have the money to pay back banks, stock brokers, etc... much like modern day credit cards.
The United States could not intervene in recognized European colonies.
Who was the President during the Great Depression?
ARound what time did the Depression end at?
The two nations that participated in the hundred years war is England and France!!
Answer:
The 27 grievances against King George and Great Britain were written to justify the reasons that made American independence necessary. It showed King George what he did wrong to the colonists.
