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Q: What was a negative effect of the consumer credit in the 1920's?
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Which of these factors helped hide economic problems in the 1920s?

Americans purchased many consumer goods on credit.


What statement best describes conditions in the 1920s in the US?

An increase in the availability of credit resulted in an expansion of consumer purchasing power.


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.


The factors that led to the new consumer society in the US during the 1920s?

During the 1920s, the United States made major advancements in mass production, credit availability, and wide spread advertising. This economic prosperity led the new consumer society of the time.


1920s buying on credit?

Margin


One of the few consumer products of the 1920s?

the radio.


When did credit accounts first appear?

Until the 1920s, consumer purchases in the United States were made primarily in one of two ways: cash or personal check. However, in that decade, a new means of payment was introduced--the credit account.


Asvertisements in the 1920s changed from an emphasis on quality to an emphasis?

Consumer Image


Who claimed credit for 1920s economic prosperity?

The Republicans


Why were the 1920s referred to as the consumer revolution?

People bought stuff because they could.


What effect did literature have in the 1920s?

because it ws cool