92,147 views
29 votes
29 votes
How did the use of installment plans fuel economic growth during the roaring twenties

User Mneute
by
2.5k points

1 Answer

10 votes
10 votes

Answer:accessible consumer borrowing

Step-by-step explanation:

The economy grew as a result of accessible consumer borrowing and installment purchasing. Because they could pay for new items over time, Americans began purchasing an increasing number of new products. Up to 60% of brand-new furniture and 75% of radios were bought using payment plans.

User Scot Matson
by
2.6k points