Answered

Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

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 :

GinnyAnswer

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


We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.