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 lead to increased spending on nonessential items , and the increasing demand lead to increased prices on products

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. This make people often purchase the products even when they currently do not have money to purchase it. Leading to increased debt from paying without cash

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