how did the banking industry support the economic boom during the 1920s?
The baking industry made it easier to borrow money, leading to an increased demand for cars and other high priced goods
The baking industry adopted policies that made it more difficult to purchase a house which increased the value of existing houses
The banking industry restricted consumers ability to make major purchases on credit
The baking industry extended credit only to rich Americans, who they knew would pay them back
1 answer
The banking industry made it easier to borrow money, leading to an increased demand for cars and other high priced goods. This resulted in increased production and stimulated economic growth during the 1920s.