Question

To what extent was the availability of credit the main cause of the “boom” of the 1920s?

Answer 1

Following were the main causes of BOOM of the '20s~

• New mass marketing technique
• Availability of cheap credit and products
• Mass production of goods
• Technological Progress
• Increased employment

Answer 2

Answer:

The development of credit in the 1920s is a significant contributing factor to the economic boom. The introduction of credit enabled consumers to buy goods they otherwise would not have been able to afford and therefore meant more sales for companies fuelling the boom