QUESTION IMAGE
Question
while consumerism during the 1920s boosted the economy, it also led to
more savings.
higher debt.
lower debt.
fewer stocks.
Brief Explanations
In the 1920s, consumerism grew alongside the rise of installment plans, which allowed people to purchase goods on credit. This widespread use of credit led individuals to take on more debt rather than saving, and it did not reduce debt or decrease stock holdings.
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higher debt.