USA HISTORY

Detailed explanation-1: -The expansion of credit in the 1920s allowed for the sale of more consumer goods and put automobiles within reach of average Americans. Now individuals who could not afford to purchase a car at full price could pay for that car over time–with interest, of course!

Detailed explanation-2: -During the 1920s many Americans bought high-cost items, such as refrigerators and cars, on the installment plan, under which they would make a small down payment and pay the rest in monthly installments. Some buyers reached a point where paying off their debts forced them to reduce other purchases.

Detailed explanation-3: -The 1920s was a decade of new inventions. This was the time directly after World War I, and when soldiers were eager to return to a more prosperous life. To help them enjoy their new lives new technologies such as the radio, silent movies and Henry Ford’s automobile industry were invented.

Detailed explanation-4: -Of all the new appliances to enter the nation’s homes during the 1920s, none had a more revolutionary impact than the radio. Sales of radios soared from $60 million in 1922 to $426 million in 1929.