Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Discover reliable solutions to your questions from a wide network of experts on our comprehensive Q&A platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

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

Sagot :

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.