The American economy in the 1920s can be characterized by overproduction of consumer goods and __________.

Question

A.
declining interest in speculation in the stock market
B.
heavy government regulation over key industries
C.
increasing debt from overuse of credit
D.
weak growth due to prohibition


Please select the best answer from the choices provided

A
B
C
D

Answer 1

The best answer is C. increasing debt from overuse of credit.

In the 1920s, a significant portion of consumer goods was financed through credit, leading to rising debt levels among consumers. This was a characteristic of the economic climate of the time.