1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mamont248 [21]
3 years ago
7

In the 1920s, the continued rise in the stock market and economic growth depended most on

History
2 answers:
valkas [14]3 years ago
5 0
Most on consumers buying goods on credit.
Elza [17]3 years ago
4 0

The correct answer is: Consumers buying goods on credit.

The growth of prosperity of the United States in the 1920s led to the development of American Consumerism in the period also known as the <em>Roaring Twenties</em>, due to technical advances and fresh ideas in the communication, transportation, and manufacturing areas. Americans advanced from the conventional avoidance of debt, to the concept of buying goods on credit with partial payments, or credit installments. President Harding's economic policies during the 1920s contributed to the rise of consumerism; manufacturers also encouraged consumerism by offering a greater variety of goods at fair prices. Advertising and marketing abilities via the 1920s newspapers and the radio saw a huge increase in sales by means of consumer credit.

American Consumerism in the 1920s led to the obsession with the purchase of consumer goods. Much of the Consumer Society was raised on easy consumer credit. American who were once prudent bought most of their more highly-priced goods on the installment plan, paying some money at first and then paying monthly payments for one to five years. Easy credit via installment plans saw a huge increase in consumer condition of owing money, together with a significant decline in consumer savings.

For most of the 1920s, the growth of credit affected the stock market because investors, also, bought more stock on margin causing the stock market to arose. During the 1920s more people began to acquire shares of stock using credit. A problem for the people who bought stock on credit was that if the stock market collapsed they would owe more than they could repay. The excess of the 1920s and the Consumer Society ended unexpectedly with the 1929 Wall Street Crash; this crash led to the downfall of many Americans and was followed by the Great Depression, which witnesses the end of consumerism in the 1920s.

You might be interested in
(Daily Question) "Just because you lost me as a friend, doesn't mean you gained me as an enemy. I'm bigger than that, I still wa
Shtirlitz [24]

Answer:

Tupac

Explanation:

7 0
3 years ago
Was the missouri compromise democratic
Ket [755]
Yes it was democratic
3 0
3 years ago
How were the British going to pay for French and Indian war?
Cloud [144]

Answer:

They decided to require several kinds of taxes from the colonists to help pay for the French and Indian War

Explanation:

4 0
2 years ago
Identify the causes and motivations of the the british mercantile system which one is the most significant and why
qaws [65]
Mercantile system is the <span>economic </span>system of trade used from the 16th to 18th. According its theory <span>the amount of wealth in the world was static.</span> The British Mercantile system was one of the most famous mercantile system. The motivation was England to to<span> grow in wealth and self-sufficiency, increased political power, increased private wealth. The main motivation however was England to be the first trade power and other countries to be excluded. </span>

5 0
3 years ago
Read 2 more answers
Europeans began to come to vietnam in the 1600s to expand trade and spread religion, but eventually also exploited it for its __
tekilochka [14]
Resources, answer is B: Rubber
7 0
3 years ago
Other questions:
  • Which of the following statements is true about the U.S. House of Representatives?
    12·2 answers
  • Why did the ming dynasty need to repair china canal systems
    15·1 answer
  • de acuerdo con el texto leído explica porque el lavado de manos con agua y jabón es mas efectivo que el alcohol
    5·1 answer
  • Which immigrant groups came to settle in the American West?
    13·1 answer
  • Which of the following was considered the capital of the Eastern Roman Empire?
    9·2 answers
  • Who was the Florentine sculptor who studied classical art and created a bronze statue of David?
    10·2 answers
  • When was the American Revolution?
    15·1 answer
  • Which item was a byproduct of the Columbia
    10·1 answer
  • Why would a monastery be a good place for a Catholic to store valuables?
    12·1 answer
  • It is a new year in Germany for little Isaac, who is eight years old. January 1939 is not filled with promise like most new year
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!