History
History, 01.04.2020 01:27, maiacheerz

Which statement explains why "excessive use of credit" was a cause of the Great Depression?

1) Borrowing money based on the belief that default was an option led people to lie on loan applications.
2) Throughout the 1920s, warning signs of economic collapse made people reluctant to pay cash.
3) Borrowing money based on a belief that the economy would expand led people to take financial risks.
4) Throughout the 1920s, most of the population borrowed money to invest in the stock market.

answer
Answers: 3

Other questions on the subject: History

image
History, 22.06.2019 03:30, zach09912
If someone can me out with this that would be grate why did people begin migrating to the northwest in the 1930s? the dust bowl forced people to move. the drought forced people to move. people moved in search of work. all of the above. what caused the united states to enter world war ii? the attack on pearl harbor the need for war supplies great britain asked the united states to join. the united states didn't join world war ii. why were japanese americans relocated during the war? they had deadly diseases. they were threatening to destroy american companies. people thought they might give aid to japan. they were breaking laws. what finally ended world war ii? japan bombed pearl harbor. ammunition ran low and the germans surrendered. the united states pulled its troops out. the united states bombed japan.
Answers: 1
image
History, 22.06.2019 04:30, liv5779
Which kingdom once merged with egypt? a. nubiab. bantuc. phoeniciad. babylon
Answers: 1
image
History, 22.06.2019 04:40, raprocksbob
3. describe a situation in which a government has a great deal of power but does not have political authority. then explain whether you think the rule of law would likely be respected under such a government.
Answers: 3
image
History, 22.06.2019 06:30, larey
Pls which of the following political figures was a strong supporter of the second bank of the united states. a. john c. calhoun. b. henry clay. c. andrew jackson. d. martin van buren.
Answers: 1