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How did buying stocks on credit contribute to the Great Depression?


The government stepped in and stopped stock purchases so that people could not buy more.


Banks wanted to lend people money, but people were hesitant to borrow.


Credit interest rates were too high for people to pay.


When stock prices fell, people did not have the money to cover their losses.

Respuesta :

Buying stocks on credit contribute to the Great Depression when stock prices fell and people did not have the money to cover their losses.

What is great depression?

It was a time of great loss for American when the economy was on a decline and money was not in circulation.

Returns on shares was also on the decrease and investors where greately affected.

Therefore, Buying stocks on credit contribute to the Great Depression when stock prices fell and people did not have the money to cover their losses.

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