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The installment plans of the 1920s was the first use of revolving credit in the United States. That, along with some other factors, led to the collapse of the economy in 1929.
Wiki User
∙ 9y ago
Wiki User
∙ 13y agoit was a credits that merchants used to sell. knows as pay as you go.
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In 1920s people used installment plans to buy what?
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.
Who created the installment plan?
Alfred.P.Sloan
Which major trend characterized the 1920s and continues today?
retail buying on installment of credit
What evidence suggest that the prosperity of the 1920s was not on a firm foundation?
The evidence that suggests that the prosperity of the 1920s was not on a firm foundation includes the fact that the Great Depression happened soon thereafter. The Installment Plan that allowed you to purchase goods without having to put much money down was also another suggesting piece of evidence.
A dollar down and a dollar forever represents what type of credit?
This represents the installment plan, which was established in the 1920s to enable people to buy goods over an extended period of time. This was one of the precursors to the Depression as it was a sign of fundamental weakness of superficial economic prosperity.
What was a popular method of purchasing expensive goods during the 1920s?
the Installment Plan
What are the differences of the installment plan between 1920s and today?
Nothing much. Today interest rates are higher.
What is Monthly installment plan?
Monthly installment plan
In 1920s people used installment plans to buy what?
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.
Types of purchase method?
What is the type of purchase method? And I want to know about what different between purchase method and pooling method?installment plans: People began to buy expensive goods using installment plan credit during the 1920s.
Which of the following was a popular method of purchasing expensive goods during the 1920s layaway installment plans lease?
In the 1920s the most popular way to purchase expensive goods was through installment plans. Allowing people to purchase things through installment plans helped to fuel consumerism.
What are the advantages of buying something on an installment plan?
advantages of installment buying
What actors and actresses appeared in The Installment Plan - 1917?
The cast of The Installment Plan - 1917 includes: Victor Moore
What actors and actresses appeared in The Installment Plan - 1920?
The cast of The Installment Plan - 1920 includes: Milburn Morante
Who created the installment plan?
Alfred.P.Sloan
Which major trend characterized the 1920s and continues today?
retail buying on installment of credit
What evidence suggest that the prosperity of the 1920s was not on a firm foundation?
The evidence that suggests that the prosperity of the 1920s was not on a firm foundation includes the fact that the Great Depression happened soon thereafter. The Installment Plan that allowed you to purchase goods without having to put much money down was also another suggesting piece of evidence.
