What Was Installment Buying In The 1920’s?
What Was Installment Buying In The 1920’s? Installment plans are credit systems where payment for merchandise/items is made in installments over a pre-approved period of time. In the 1920s, the items people could purchase with an installment plan included: automobiles, automobile parts, household appliances, radios, phonographs, pianos, and furniture. What is an example of installment