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how did consumers weaken the economy in the late 1920s? ○ consumers onl…

Question

how did consumers weaken the economy in the late 1920s?
○ consumers only bought a limited number of products.
○ consumers bought too many goods they could not afford.
○ consumers refused to pay high prices for goods.
○ consumers increased their spending and used only cash.

Explanation:

Brief Explanations

In the late 1920s, widespread use of installment plans led many consumers to purchase goods they could not afford. This overextension of credit created unsustainable debt; when consumers could no longer make payments, demand collapsed, contributing to economic instability and the Great Depression. The other options are incorrect: limited product purchases or refusing high prices would not directly weaken the booming 1920s economy, and using cash for increased spending would not create the debt-driven instability.

Answer:

B. Consumers bought too many goods they could not afford.