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How did the use of installment plans fuel economic growth during the roaring twenties

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User SILENMUS
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1 Answer

4 votes

Answer:accessible consumer borrowing

Step-by-step explanation:

The economy grew as a result of accessible consumer borrowing and installment purchasing. Because they could pay for new items over time, Americans began purchasing an increasing number of new products. Up to 60% of brand-new furniture and 75% of radios were bought using payment plans.

answered
User Raheel Hasan
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