Answered

IDNLearn.com offers a user-friendly platform for finding and sharing answers. Join our interactive community and access reliable, detailed answers from experienced professionals across a variety of topics.

What was the effect of the increasing use of installment buying during the 1920s?

A. Unemployment steadily increased.
B. Consumer spending greatly increased.
C. The national debt began to grow quickly.
D. The U.S. economy industrialized rapidly.

Sagot :

GinnyAnsweridn

Final answer:

The increasing use of installment buying during the 1920s greatly increased consumer spending.


Explanation:

Consumer spending greatly increased due to the increasing use of installment buying during the 1920s. This allowed more Americans to purchase goods on credit, leading to a rise in household appliance and automobile sales. The availability of credit through installment plans fueled economic growth and increased Gross National Product.


Learn more about Impact of installment buying in the 1920s here:

https://brainly.com/question/2665288


Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. IDNLearn.com is committed to your satisfaction. Thank you for visiting, and see you next time for more helpful answers.