During the 1920s, how did new consumer products and advertising impact the economy? (1 point)

Question

Responses

The economy declined because consumers did not have enough money for new products.
The economy declined because consumers did not have enough money for new products.

The economy blossomed as consumers had newfound wealth and credit to buy new products.
The economy blossomed as consumers had newfound wealth and credit to buy new products.

The economy declined as the price of goods skyrocketed beyond the reach of average Americans.
The economy declined as the price of goods skyrocketed beyond the reach of average Americans.

The economy did not grow because only the very rich could afford the new consumer products.

Answer 1

The most accurate response is:

The economy blossomed as consumers had newfound wealth and credit to buy new products.

During the 1920s, known as the "Roaring Twenties," the economy experienced significant growth due to the introduction of new consumer products, increased disposable income, and the availability of credit. Advertising also played a crucial role in promoting these products, leading to a consumer culture that encouraged spending and contributed to economic expansion.