How did Kreuger's financial empire collapse?
World War II
Market saturation
Great Depression
Technological change
Answer
The Great Depression triggered a collapse in demand for Kreuger's products, revealing the unsustainable nature of his empire. His extensive use of short-term loans and overvalued assets left his companies vulnerable to a downturn in the market. As investors lost confidence, a massive sell-off ensued, leading to the collapse of Kreuger's financial empire.
Mastermind or Mogul: The Intriguing Tale of Ivar Kreuger
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