During the 1920s, consumers became able to buy "big ticket" items which were previously only affordable to the wealthy. Which factor played the GREATEST role in consumers' ability to buy refrigerators, washing machines, radios, and cars?

Question

During the 1920s, consumers became able to buy "big ticket" items which were previously only affordable to the wealthy. Which factor played the GREATEST role in consumers' ability to buy refrigerators, washing machines, radios, and cars?
Responses
A	stock market speculationstock market speculation
B	credit or "installment buying"credit or "installment buying"
C	decreased federal income taxesdecreased federal income taxes
D	low interest rates on home loans

GPT-4o mini · Answer

The factor that played the GREATEST role in consumers' ability to buy refrigerators, washing machines, radios, and cars during the 1920s was **B credit or "installment buying."** This system allowed consumers to purchase big-ticket items and pay for them over time, making these products accessible to a broader segment of the population.