What was a result of the stock market crash and the overuse of credit?

liigo Finance 40

  How does one apply for a Chase credit card?

  First, contact Chase and give them your information. Then they

  will contact the credit people to determine whether or not you are

  a credit risk. Then they will decide whether you are worth the

  risk. Usually, the will give you a card, allow you to charge up a

  great deal of debt, and then sell this debt as part of a derivative

  security on the open market. When you default, the market will

  crash.

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What was a result of the stock market crash and the overuse of credit?

Oh boy, the results of a stock market crash and the overuse of credit can be really serious and far-reaching. For one thing, a lot of people lost a ton of money in the stock market, and that could lead to financial hardships and stress. Companies had trouble getting the funds they needed to operate, so there were layoffs and businesses going under. And when it comes to the overuse of credit, people found themselves in deep debt that they couldn't pay off. This could cause credit scores to plummet and make it super hard to get loans or credit in the future. It was a real mess, let me tell you!