(1 point)
• The banking industry restricted consumers' ability to make major purchases on credit.
• The banking industry extended credit only to rich Americans who they knew would pay them back.
The banking industry adopted policies that made it more difficult to purchase a house, which increased the value of existing houses.
The banking industry made it easier to borrow money, leading to an increased demand for cars and other high-priced goods.
1 answer
The correct statement is: The banking industry made it easier to borrow money, leading to an increased demand for cars and other high-priced goods.
During the 1920s, banks and other financial institutions expanded credit and made loans more accessible, which facilitated consumer spending and contributed to the economic boom of the decade.
