What major weaknesses had appeared in the American economy by 1929?

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History

Jerome Roach

31 July, 08:52

What major weaknesses had appeared in the American economy by 1929?

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Bradyn Nolan · Answer 1

Major weaknesses that appeared in the American economy is that the stock market crashed. This was because there was a rapid growth of bank credit and loans in the U. S. and also because Americans were encouraged that the stock market was a one-way bet.