2
QuizMultiple Choice

Boom and Bust

Question 2 • [HSSUS] US History, Sem 1 (26-27)

While consumerism during the 1920s boosted the economy, it also led to

Answer
A
more savings.
B
higher debt.
C
lower debt.
D
fewer stocks.

Explanation

Consumerism in the 1920s encouraged people to buy more goods, often using installment plans and credit. This let consumers purchase items before they had saved enough to pay for them, increasing personal debt. The correct choice is higher debt.

AI-written and checked against the verified answer.

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