WILL GIVE MEDALS PLZ HELP!
What economic factors and conditions converged in the late 1900s to plunge the nation into the great depression?

Question

WILL GIVE MEDALS PLZ HELP!
What economic factors and conditions converged in the late 1900s to plunge the nation into the great depression?

foolofatook · Answer

inflation, for one. horrible credit of the american people also caused people to lose money as well

anonymous · Answer

explain inflation and the horrible credit plz

anonymous · Answer

?? whats taking so long

foolofatook · Answer

money was flung around a lot due to the invention of credit, were a person could buy a $400 dollar car for $25 up front and pay $25 monthly. and because of credit americans were in a lot of debt, owing thousands. and people would lose their homes due to the banks seizing their homes as punishment for bad credit

anonymous · Answer

ok now inflation plz

foolofatook · Answer

inflation is money becomes worth less. like things that used to cost $3 cost $5 and things like that

anonymous · Answer

ok thx

foolofatook · Answer

np