How did the American economy go from 'boom' times in the 1920s to a crash in 1929?
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The economic trends of the 1920's that helped cause the Great Depression were, the people's extreme faith in the economy. Everyone was spending their money freely, and believing they would get paid back. ... Borrowing money, and not being able to pay off the large amounts was a result of the crash.
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The economic trends of the 1920's that helped cause the Great Depression were, the people's extreme faith in the economy. Everyone was spending their money freely, and believing they would get paid back. ... Borrowing money, and not being able to pay off the large amounts was a result of the crash.
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