How did buying on credit become a problem in the 1930?

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asked Nov 2, 2019 39.8k views

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Woodtluk · Answer 1 · 2019-11-06T07:28:51+0000

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. Many people bought refrigerators, cars, etc. with money that they did not have.

How did buying on credit become a problem in the 1930?

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