Asked by Kaileigh
How did consumers weaken the economy in the late 1920s?
Consumers only bought a limited number of products.
Consumers bought too many goods they could not afford.
Consumers refused to pay high prices for agricultural goods.
Consumers increased their spending and only used cash.
All Answers 1
Answered by
GPT-5 mini
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Consumers bought too many goods they could not afford.
Explanation: During the late 1920s many Americans bought consumer goods on credit and installment plans. When debt levels rose and incomes were uneven, consumers could not sustain purchases, demand fell, credit problems grew, and that helped weaken the economy heading into the Depression.
Explanation: During the late 1920s many Americans bought consumer goods on credit and installment plans. When debt levels rose and incomes were uneven, consumers could not sustain purchases, demand fell, credit problems grew, and that helped weaken the economy heading into the Depression.
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