answers:
1) they led to a sharp decline in average wages
2) they inspired americans to cut back on luxury items
3) they fueled growth of the consumer economy
4) they reinforced the demand for lower tarifs
2007-03-18 14:23:14 · 4 answers · asked by Anonymous in Arts & Humanities ➔ History
3. fueled growth of the consumer economy
Although it was a very private matter to have debt at all, including for one's home.
2007-03-18 14:27:25 · answer #1 · answered by Anonymous · 0⤊ 0⤋
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RE:
how did installment plans affect the american economy in the 1920's?
answers:
1) they led to a sharp decline in average wages
2) they inspired americans to cut back on luxury items
3) they fueled growth of the consumer economy
4) they reinforced the demand for lower tarifs
2015-08-20 06:04:27 · answer #2 · answered by Karine 1 · 0⤊ 0⤋
1920s Installment Plan
2016-10-19 08:23:30 · answer #3 · answered by yousef 4 · 0⤊ 0⤋
3, they fueled growth of the consumer economy. Historians refer to this as the Superficial Prosperity. THis is also the first time in U.S. history that the economy became "want" based vs. the old system of "needs" based.
2007-03-18 14:32:53 · answer #4 · answered by msdeville96 5 · 1⤊ 0⤋
The calculator is interesting, however J.S. is right on this one. Economics on a national scale (macro) has so many variables including the human equation, I just would not place a lot of credibility in the conclusions.
2016-03-14 22:09:39 · answer #5 · answered by ? 4 · 0⤊ 0⤋