What effect did the use of credit have on the economy in the 1920s?

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asked Jul 11, 2016 65.2k views

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Farhanjk · Answer 1 · 2016-07-14T17:40:05+0000

The main effect that the use of credit had on the economy in the 1920s is that it allowed people to make poor and risky investment decisions that led to a great amount of over-valuation of stocks. This led to the Great Crash in 1929.

What effect did the use of credit have on the economy in the 1920s?

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