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:

Easy consumer credit helped the U.S. economy during the early 1920s by allowing people to buy more goods on credit. This led to a higher demand for new products, which in turn stimulated production and created more jobs. The increased demand for goods and services also helped to keep prices stable and encouraged economic growth.

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