Ask Question
6 October, 02:44

Describe two economic problems hidden by the business boom of the 1920s

+3
Answers (1)
  1. 6 October, 03:09
    0
    One economic problem was that businesses were not as healthy. People started losing money because they had numerous investors and they couldn't find a way to pay them back because they couldn't earn as much as they received in investments which caused investors to lose money in reality which harmed the businesses.

    Another is that the consumers were indebted more than it was normal. People were spending more and more money and they in reality didn't have this money earned so the debt started increasing dramatically and when they couldn't pay back the debts the bubble burst and an economic crisis was introduced.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Describe two economic problems hidden by the business boom of the 1920s ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers