Question

I NEED HELP ASAP!!

How did easy consumer credit help the U.S. economy during the early 1920s?

(A) Unemployment dropped because people had to find jobs to make their payments.
(B) Farmers sold more crops directly to consumers and so made more profits.
(C) Interest payments on personal debt allowed banks to make large investments.
(D) People bought more goods and created high demand for new products.

Answer 1

(D) People bought more goods and created high demand for new products.

Step-by-step explanation:

During the early 1920s, easy consumer credit helped the U.S. economy by allowing people to purchase goods on credit. This led to increased consumer spending and higher demand for products. As a result, businesses experienced higher sales and profits, which stimulated economic growth. The availability of easy credit made it easier for individuals to make purchases and fuelled a consumer-driven economy during that period.

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