gabbybabyFranana gabbybabyFranana
  • 26-02-2017
  • History
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How did easy credit contribute to the great depression?

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leanteamm leanteamm
  • 03-03-2017
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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