The Myth of 1920s Credit
Posted in History on Mar 23rd, 2011
One of the major myths of the “high school” version of the causes of the Great Depression is that the 1920s was a period of false prosperity, and it was the excessive dependence on consumer credit which ultimately led to “overconsumption” for which we suffered the hangover for during the 1930s. Ironically, this gets the […]
