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2 February, 04:50

How did easy credit contribute to the great depression?

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  1. 2 February, 06:31
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    The depression in the 1930s was caused by excess expansion of creditduring the 1920s. This over extension by banks caused an unnatural disequilibrium in the money markets that initially caused a boom then a bust. Booms are sure signs of impeding busts when fueled by loseeasy credit.
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