Anonym Anonym
  • 01-05-2015
  • Social Studies
Answered

During the 1920s, how did credit card debt play a role in causing the Great Depression?

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AlinaHayat
AlinaHayat AlinaHayat
  • 01-05-2015
In the 1920s, people would often buy things on credit, without much concern about how they would pay it back. When the Great Depression started, many people were already in debt and could no longer pay back what they owed. This led to the collapse of many business.   
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