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It caused more people to want to purchase consumer goods.
Installment buying helps cause depression, because, it encourages one to do impulse buying, which can become a burden in repaying , causing depression.
advantages of installment buying
Installment buying allowed people to own products before they had paied them off.
women always shop for clothes no matter how broke they are. this is unchangeble
if consumers are receiving a low income then
Buying on the 'installment plan' is probably the oldest concept, pre- credit card.
yes,
The installment plans of the 1920s were pretty much the same as any other installment plans. Installment plans are credit systems where payment for merchandise/items is made in installments over a pre-approved period of time. In the 1920s, the items people could purchase with an installment plan included: automobiles, automobile parts, household appliances, radios, phonographs, pianos, and furniture.
They are both forms of borrowing.
Margin is only offer on purchase of securities.
Margin is only offer on purchase of securities.