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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.

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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.


In the 1920's many American consumers began to adopt the practice of buying goods on credit?

buying on credit was the "item" that lead to the great depression. * people started buying luxury items * people borrowed money to invest in stocks * thought they could repay the loan when they sold their stocl or profit * b/c of so much buying; people were making ALOT of money * stores sold LOTS of goods; that made value of stock rise * at some pojnt; people could no longer buy things b/c they had spent all their money into paying off their credit * inflamation started; that lead && started the great depression


What did the colonist do to let british parliament know they were against new taxes?

they stopped buying british goodsThey stopped buying british goods.


Did the over indulgence in the 1920s lead us into The Great Depression?

There were many aspects to the economy of the 1920s that led to one of the most crucial causes of the Great Depression - the stock market crash of 1929. In the early 1920s, consumer spending had reached an all-time high in the United States. American companies were mass-producing goods, and consumers were buying.


What is a commerce?

Commerce can be defined as buying and and selling and exchanging of goods and service or it is the study of buying of goods and service


By buying or not buying goods and services?

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Why did the price of some comsumer goods decrease the 1920s?

dsestrret


What is the buying and selling of goods between different places?

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What did the colonist do to let the British parliament know they were against the tax's?

they stopped buying british goodsThey stopped buying british goods.


What do you call in economic terms buying and selling of goods?

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What is the buying the selling of goods?

commerce


What is the buying and selling of goods?

commerce