What effect did the use of credit have on the economy in the 1920s it made the economy stronger it made the economy weaker it made parts of the economy stronger it solved the problem of overproduction?

What effect did the use of credit have on the economy in the 1920s it made the economy stronger it made the economy weaker it made parts of the economy stronger it solved the problem of overproduction?

The correct answer is B) it made the economy weaker. The effect that the use of credit had on the economy in the 1920s was that it made the economy weaker.

What effect did the use of credit have on the economy in the 1920s quizlet?

What effect did the overuse of credit have on the economy in the 1920s? It made the economy weaker. How did the overproduction of goods in the 1920s affect consumer prices, and in turn, the economy? Consumer demand decreased, prices decreased, and the economy slowed.

What effect did the use of credit have on the economic in the 1920s?

The expansion of credit in the 1920s allowed for the sale of more consumer goods and put automobiles within reach of average Americans. Now individuals who could not afford to purchase a car at full price could pay for that car over time — with interest, of course!

Which best explains what had happened by October 31 1929 in the stock market the market had a rally the market had lost much of its value the market had totally collapsed the market had slowly inched upward?

The correct answer for your question is Option (C)-The market had totally collapsed. The day October 31 of 1929 was the black day in American history because the induces the longest economic depression in the western world which can also be known as the Great Depression of 1929-1939.

How did the overproduction of goods in the 1920s affect consumer prices and in turn the economy?

Overproduction or over supply of goods and services means that there is excess supply than the demand of the products and services that are being offered to the market. In 1920s it affected consumer prices and the economy where Prices fell as consumer demand decreased, and the economy slowed down.

What does a strong economy depend on the most roaring economy to Great Depression?

What does a strong economy depend on the most? most people’s confidence in the economy. Businesses and industries in the 1920s most closely followed the buying demands of. – government.

What is supply and demand simple explanation?

Explaining supply and demand

1. Supply is the amount of the good that is being sold onto the market by producers. At higher prices, it is more profitable for firms to increase supply, so supply curve slopes upward.
2. Demand is the quantity of the good that consumers wish to buy at different prices. At higher prices, less will be demanded.