During the 1920s,the new system of buying on credit resulted in all of the following except

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The new system of buying on credit did not lead to huge defaults on monies owed. On the contrary, it stimulated economic growth by allowing people to buy goods they otherwise couldn't afford and transformed Americans into consumers of cars, radios, and more. However, it did create massive amounts of consumer debt, which could eventually lead to defaults if people were unable to pay back their loans.

During the 1920s,the New System of Buying on Credit Resulted