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What consumerism during the 1920s boosted the economy it also led to?

Sagot :

Consumerism in the 1920s helped the world economy, but it also led to greater debt rates for consumers who were heavily persuaded to buy more and more goods. In the 1920s, consumerism was the dominant culture.

People ended up acquiring loans they couldn't pay and making purchases they didn't need, which finally caused the stock market catastrophe. Consumerism spending significantly reduced as a result of the tariff-related price increases in consumer items. As a result of the fall and the Great economy Depression, businesses failed. People lost their jobs as a result of business closures and failures, which contributed to the high unemployment rate.

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