How did consumers weaken the economy in the late 1920s?

a. Consumers only bought a limited number of products.

b. Consumers bought too many goods they could not afford.

c. Consumers refused to pay high prices for agricultural goods.

d. Consumers increased their spending and only used cash.

Question

Business

Nickolas Fuller

2 March, 20:46

How did consumers weaken the economy in the late 1920s?

a. Consumers only bought a limited number of products.

b. Consumers bought too many goods they could not afford.

c. Consumers refused to pay high prices for agricultural goods.

d. Consumers increased their spending and only used cash.

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Answers (1)

Know the Answer?

Darius · Answer 1

b. Consumers bought too many goods they could not afford.

Explanation:

In the 1920s consumption increased as mass production appeared, businesses began to offer credits to customers and people started buying things that they didn't need and that they couldn't afford. When the crisis began, people lost their jobs or their salaries were cut, consumption decrease drastically and they coudn't pay these credits.

How did consumers weaken the economy in the late 1920s?a. Consumers only bought a limited number of products.b. Consumers bought too many goods they could not afford.c. Consumers refused to pay high prices for agricultural goods.d. Consumers increased their spending and only used cash.

How did consumers weaken the economy in the late 1920s?

a. Consumers only bought a limited number of products.

b. Consumers bought too many goods they could not afford.

c. Consumers refused to pay high prices for agricultural goods.

d. Consumers increased their spending and only used cash.