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What effect did the use of credit have on the economy in the 1920s?
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What effect did the use of credit have on the economy in the 1920s?

User Matteo Rubini
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It caused the Great Depression, since people invested in buying luxurious things, which caused a great amount of debt for themselves. Rising debt led to restrictions on new loans, more bankruptcies, etc.
User Tprieboj
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