What effect did the use of credit have on the economy in the 1920s? It made the economy stronger. It made the

Question

What effect did the use of credit have on the economy in the 1920s?
It made the economy stronger.
It made the economy weaker.
It made parts of the economy stronger.
It solved the problem of overproduction.

GPT-5 mini · Answer

It made parts of the economy stronger.

Explanation: Widespread use of installment credit boosted consumer spending and helped industries like autos and appliances grow, but it hid underlying weaknesses (rising consumer debt and unsustainable demand) and contributed to the later collapse.

What effect did the use of credit have on the economy in the 1920s?
It made the economy stronger.
It made the economy weaker.
It made parts of the economy stronger.
It solved the problem of overproduction.

All Answers 1

Submit Your Answer

What effect did the use of credit have on the economy in the 1920s? It made the economy stronger. It made the economy weaker. It made parts of the economy stronger. It solved the problem of overproduction.

All Answers 1

Submit Your Answer

What effect did the use of credit have on the economy in the 1920s?
It made the economy stronger.
It made the economy weaker.
It made parts of the economy stronger.
It solved the problem of overproduction.