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Credit was a new thing, banks didn’t have the money for loans, to much production and not enough consumers (inflation)
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Risky investment practices contributed to the economic decline of the United States in the late 1920s and the 1930s.

What was the economic decline of the United States?

The economic decline was the period of the great depression in the United States.

The causes of economic decline were:

  • The 1929 stock market meltdown.
  • The stock market in the United States had a remarkable expansion in the 1920s.
  • Panic in the banking sector and monetary contraction
  • This is the gold standard.
  • International financing and tariffs have been reduced.

Thus, these are the reasons for the economic decline of the United States in the late 1920s and the 1930s.

Learn more about the economic decline, here:

https://brainly.com/question/2169786

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