asked 221k views
1 vote
How did easy credit affect the postwar economy

asked
User Mugdha
by
8.3k points

2 Answers

5 votes
It helped people spend a lot and this helped the economy grow....at the time








answered
User Gilbert V
by
8.1k points
6 votes

Credit is provided to the economic agents a loan under medium or long-term payment conditions, with defined rates. It is an important instrument for business development and financing that drives the economy, such as real estate financing.

After the war, European nations and Japan were devastated. In this way, easy credit was important to finance the reconstruction of these countries quickly.

answered
User Rdmolony
by
8.3k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.