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What else can I help you with?
Why did Americans buy more consumer goods in the 1920s than ever befor?
They had more money to buy the goods with because of the economic growth.
What was a principal for rapid economic growth in the US during the 1920s?
development of many new consumer goods
Which of these factors helped hide economic problems in the 1920s?
Americans purchased many consumer goods on credit.
Improved mass- production techniques affected the American economy of the 1920s by?
reducing prices of consumer goods.
What was a popular method of purchasing expensive goods during the 1920s?
the Installment Plan
Who were the winners and losers in the new consumer society of the 1920s?
In the 1920s, winners in the new consumer society included industries such as automobiles, household appliances, and entertainment, which thrived due to mass production and advertising, leading to a boom in consumer culture. The middle class benefited significantly from increased disposable income and access to new products. Conversely, losers included traditional artisans and small businesses that struggled to compete with mass-produced goods, as well as marginalized groups like farmers and African Americans, who did not share equally in the decade's prosperity and faced economic and social challenges.
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.
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.
Why final goods and services are included in the calculation of gross domestic product and intermediate are not?
Final goods and services are included in GDP because they are only going to be sold once. Intermediate goods aren't included because they are goods that contribute to present or future consumer welfare but are not direct sources of utility themselves. hope it helps a little.
What best describes American approach to consumer goods in the 1920s?
In the 1920s, the American approach to consumer goods was characterized by a surge in mass production and the rise of consumer culture, fueled by technological advancements and increased disposable income. The era saw the introduction of modern advertising techniques and the proliferation of new products, from automobiles to household appliances, which promoted a lifestyle of convenience and luxury. This period also marked a shift towards credit financing, allowing consumers to purchase goods on installment plans, further driving consumption. Overall, the 1920s represented a dramatic transformation in American society, emphasizing consumption as a key component of the American Dream.
Which best explains how the overproduction of goods in the 1920s affected consumer prices and the economy?
The overproduction of goods in the 1920s led to an excess supply in the market, which caused consumer prices to drop as businesses attempted to sell their surplus inventory. This decline in prices reduced profit margins for manufacturers and retailers, leading to layoffs and decreased consumer spending. As a result, the economy became increasingly unstable, ultimately contributing to the stock market crash of 1929 and the onset of the Great Depression.
