1point
which of the following factors contributed to american consumer spending
during the 1920s?
) a. rich people welcomed middle-class people into their homes and
schools.
o
b. products that were imported from other countries were very
inexpensive.
o
c. people were willing to borrow money to buy products instead of
saving for them.
d. an excess of luxury goods raised the standard of living for
everyone.

C. People were willing to borrow money to buy products instead of  saving for them.

Explanation:

In the 1920s, the expansion of credit took place and allowed many middle-class Americans to purchase luxury goods they could not buy before.

Americans bought products on credit or on margin. For example, credit expansion enabled middle-class people to buy automobiles which were out of their reach before.

However, people could not finance loans for luxury products, which later contributed to the Great Depression (1930s).

answer: /hbv

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