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

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History

Mitchell Trevino

22 January, 14:37

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

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Valinto · Answer 1

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.