What were the negative effects of consumerism and credit on the lives of Americans during the 1920s? Select three options.

Social Studies

1 answer:

aleksandrvk [35]3 years ago

6 0

Answer:

increased spending on nonessential items

increased prices on products

increased debt from paying without cash

Explanation:

Consumerism is a situation when people in society started to be constantly encouraged to purchase new products/services. Companies often do this by making their products seems to have more value that they actually are within their advertising campaign. This tend to<u> lead to increased spending on nonessential items , and the increasing demand lead to increased prices on products </u>

Often times, people experience a pressure within their social group to purchase a certain product. Ownership of an expensive product tend to be perceived as a 'high status' within the social group.<u> This make people often purchase the products even when they currently do not have money </u>to purchase it. Leading to increased debt from paying without cash

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