credit systems

How Did Easy Credit Contribute To The Boom Times In The 1920s?

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How Did Easy Credit Contribute To The Boom Times In The 1920s? The Easy credit of the 1920’s saw a massive increase in consumer indebtedness, together with an equally dramatic decline in savings. 75% of the population spent most of their yearly income to purchase goods including food, clothes, radios, and automobiles. Consumer Credit outstanding