Which of the following was most important in increasing American levels of consumption during the 1920s?

Question

Quizplus · Accepted Answer

The introduction and expansion of consumer credit during the 1920s was crucial in enabling more Americans to purchase goods, such as automobiles and household appliances, thereby significantly increasing levels of consumption. This period saw a shift towards a culture of spending and buying on credit, rather than saving and buying with cash.

Which of the Following Was Most Important in Increasing American