Question

which of these statements is true about the american economy? * 5 points americans were in a lot of debt because they bought things on credit in the 1920s americans had so much cash they didnt need credit to buy things in the 1920s americans were very careful with their spending in the 1920s americans paid very heavy taxes in the 1920s and this made them poor. who was elected president in 1933 and started the
ew deal\? * 5 points obama hoover lincoln roosevelt (fdr)

Explanation:

In the 1920s, the "install - ment plan" was popular in the US, leading many Americans to go into debt by buying on credit. Franklin D. Roosevelt was elected President in 1933 and launched the "New Deal" to combat the Great Depression.

Answer:

1. Americans were in a lot of debt because they bought things on credit in the 1920s
2. Roosevelt (FDR)