Which element of the American economy during the 1920s lay at the heart of its fundamental lack of stability?

Question

Quizplus · Accepted Answer

The American economy during the 1920s was driven by consumer spending, known as consumption. However, much of this spending was done on credit, leading to an increase in debt and ultimately an unstable economy. This became evident with the crash of the stock market in 1929 and the beginning of the Great Depression. The focus on consumption over production and sustainable economic practices ultimately led to the fundamental lack of stability in the American economy during the 1920s.

Which Element of the American Economy During the 1920s Lay