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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.
Which of these factors helped hide economic problems in the 1920s?
Americans purchased many consumer goods on credit.
What was a principal for rapid economic growth in the US during the 1920s?
development of many new consumer goods
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
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.
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.
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.
Which market or markets are consumer goods and services bought into?
Goods or services bought by a consumer are bought in the consumer market. The consumer market includes fast moving consumer goods, consumer durables, soft goods and services.
During the 1950's the became one of the most important and popular consumer goods?
television
How did advertising reflect the materialism of the 1920s?
Advertising has had impact from the moment it was first used to introduce the masses to consumer goods. In the 1920s advertising reflected the feeling of the era by the way it was designed and how well it was used to promote the good times of the day.
