Contribute To The Great Depression — How Did Buying On Credit

A comparison of the vs. the 2008 financial crisis .

In the 1920s, "buy now, pay later" became a national mantra. For the first time, average Americans used to purchase expensive new inventions. how did buying on credit contribute to the great depression

High demand kept factories humming, but it was based on debt, not actual wealth. A comparison of the vs

People bought cars, radios, and vacuum cleaners on credit. but it was based on debt