Which was not a reason Americans were buying fewer products by the late 1920s?

Overbuying with credit

Stagnant wages

Unbalanced income distribution

Falling prices

Question

History

Berg

24 February, 08:17

Which was not a reason Americans were buying fewer products by the late 1920s?

Overbuying with credit

Stagnant wages

Unbalanced income distribution

Falling prices

+2

Answers (1)

Know the Answer?

Jazmine Stein · Answer 1

D. Falling prices.

This is an economic phenomenon known as deflation. The logic after it is that if you expect prices to go down after a while, why would you buy? It was one of the most dangerous consequences of the great depression.

Which was not a reason Americans were buying fewer products by the late 1920s?Overbuying with creditStagnant wagesUnbalanced income distributionFalling prices

Which was not a reason Americans were buying fewer products by the late 1920s?

Overbuying with credit

Stagnant wages

Unbalanced income distribution

Falling prices