THE ROARING 20S 1920 1929
1920S AMERICAN CULTURE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Buying with checks
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Buying on credit
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Buying on debit
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Paying with cash
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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: -Consumerism was a culture that dominated the 1920s. It resulted in people buying things they didn’t need and taking on debt they couldn’t afford, which ultimately led to the stock market crash.
Detailed explanation-3: -“Buy Now, Pay Later” became the credo of many middle class Americans of the Roaring Twenties” (ushistory.org) With easy credit being available to everyone anyone no matter who was able to get big loans for any type of thing like a house, automobile, or if a farmer a farm.