Which of the following statements is true of the American consumer market in the 1920s?
A)In the 1920s, car sales plunged as American consumers emphasized on thrift rather than indulgence.
B)During the 1920s, the economic boom boosted real estate as well as consumer products in most parts of America except in Florida.
C)During the 1920s, young people were not really into cars.
D)Throughout most of the 1920s, the number of investors in stocks fell steadily.
E)By the end of the 1920s, Americans relied on credit to purchase nearly 90 percent of their major durable goods.

Question

Quizplus · Accepted Answer

By the end of the 1920s, the use of credit for purchasing major durable goods had become widespread in the United States, with a significant portion of such purchases being made on credit. This was part of a broader trend of consumerism and economic expansion during the decade.

Which of the Following Statements Is True of the American