0
joe -
The start of the decade came with a new way of buying luxuries, what we call today credit. Back then there was no government controlled credit so you basically walk in to store talk to the store owner about what you want to buy using credit and you will arrange something with store owner. There were no credit cards at the time so each store you used a credit, you placed a tab, and if you didn't pay within a certain deadline creditors would come and reclaim your possessions
Wiki User
∙ 13y ago
Wiki User
∙ 11y agostarted the depression
Add your answer:
Earn +20 pts
Why were layaway and credit plans popular for buying things in 1920s?
it was easier
Which major trend characterized the 1920s and continues today?
retail buying on installment of credit
Why were layaway and credit plans popular for buying things in the 1920s?
it was easier
What new way of buying goods besides cash started in the 1920s?
Credit became widely used for purchasing consumer good for the first time in the 1920s. Prior to this time it was only used by the very wealthy.
Which factor helped hide economic problems in the 1920s?
People bought a lot of things on credit -- sorta like now
1920s buying on credit?
Margin
Why were layaway and credit plans popular for buying things in 1920s?
it was easier
Which major trend characterized the 1920s and continues today?
retail buying on installment of credit
Why were layaway and credit plans popular for buying things in the 1920s?
it was easier
What where two reason for poverty in the 1920s?
Stock market crash due to buying on margin and overextention of credit to buy consumer goods.
What new way of buying goods besides cash started in the 1920s?
Credit became widely used for purchasing consumer good for the first time in the 1920s. Prior to this time it was only used by the very wealthy.
Buying on credit?
Buying on credit is also called Buying on Margin
Why were layway and credit plans popular for buying things in the 1920s?
Credit began in the 1920's so people could buy things. They used it to buy a car and other items. Pay wasn't very high so credit gave them a chance to have things.
Why was buying stocks popular in the 1920s?
To get rich quicker
1920 buying on credit was called buying on?
Buying on Margin
Who claimed credit for 1920s economic prosperity?
The Republicans
What is another name for buying on credit?
buying on margin
