Buying On Credit 1920s at Buying

Buying On Credit 1920s. The expansion of credit in the 1920s allowed for the sale of more consumer goods and put automobiles within reach of average americans. Advertising was a big factor because if they could get the public to believe that they were paying less, but for a longer period of time, it sounded more pleasurable.

The expansion of credit in the 1920s allowed for the sale of more consumer goods and put automobiles within reach of average americans. The prosperity of the 1920s led to new patterns of consumption, or purchasing consumer goods like radios, cars, vacuums, beauty products or clothing. Americans were hesitant to buy items on credit since it was a new concept.

Great Depression

Credit in the 1920’s unlimited money!credit in the 1920’s was as unlimited money for people. This was entirely due to the contraction of nominal gdp, the denominator. In the 1920s, many speculators (people who hoped to make a lot of money on the stock market) bought stocks on margin. The expansion of credit in the 1920s allowed for the sale of more consumer goods and put automobiles within reach of average americans.