Demand for consumer goods slowed as wages stagnated.
Explanation:
Though the beginning of the 1920s had the economy booming, that wasn't the case towards the end of the decade. Because of overspending and the excessive use of credit, people became unable to pay back their debts. This eventually led to the stock market crash of 1929.
He opposed it because he felt that it made the rich get richer and since he favored the common people and felt that it wasn't fair toward the common people .
