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AP US History
Unit 7 – Conflict in the Early 20th Century, 1890–1945
Topic 7.7
How did credit affect consumers' behavior in the 1920s?
It discouraged people from buying goods due to high interest rates.
It enabled them to live beyond their means, contributing to economic growth but potentially leading to debt problems.
Credit was only available for the rich, causing inequality issues among social classes.
It had no significant effect on consumers’ purchasing habits or economy growth.
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AP US History - 7.7 1920s: Innovations
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Credit
1920s
Consumers' Behavior
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About Us
About Fiveable
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Careers
Testimonials
Code of Conduct
Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
Report an Issue
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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