Which of these factors helped hide economic problems in the 1920s?

A. Investors lost confidence in the market.
B. Farmers sold crop surpluses to pay off their debts.
C. Americans purchased many consumer goods on credit.
D. Wages increased at the same pace as worker productivity.

Answer: Americans purchased many consumer goods on credit.

Answered by Leader | 2024-06-10

The factor that helped hide economic problems in the 1920s was that Americans purchased many consumer goods on credit. This practice created an illusion of prosperity, masking the underlying economic issues such as wage stagnation and overproduction. Ultimately, reliance on credit contributed significantly to the economic hardships that followed the decade.
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Answered by Leader | 2024-12-27