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What was one result of the use of consumer credit during the 1920s?
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The factors that led to the new consumer society in the US during the 1920s?
During the 1920s, the United States made major advancements in mass production, credit availability, and wide spread advertising. This economic prosperity led the new consumer society of the time.
What is the result of the prohibition of 1920?
what is one result of prohibition during the 1920s?
Which of these factors helped hide economic problems in the 1920s?
Americans purchased many consumer goods on credit.
What statement best describes conditions in the 1920s in the US?
An increase in the availability of credit resulted in an expansion of consumer purchasing power.
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 was a principal for rapid economic growth in the US during the 1920s?
development of many new 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.
The prosperity of the 1920s caused many consumers to become overconfident in the economyOne result of this overconfidence was that?
Many Americans purchased goods on credit.
What was a major resultof prohibition in the US during the 1920s?
A major result of prohibition during the 20s was an increase in gang activity.
1920s buying on credit?
Margin
When did credit accounts first appear?
Until the 1920s, consumer purchases in the United States were made primarily in one of two ways: cash or personal check. However, in that decade, a new means of payment was introduced--the credit account.
One of the few consumer products of the 1920s?
the radio.
