During the 1920s, the New System of Buying on Credit

question 133

Multiple Choice

During the 1920s, the new system of buying on credit resulted in all of the following except

• A) transforming once frugal Americans into consumers of cars, radios, and other durable goods.
• B) leading many Americans to exemplify the slogan"possess today and pay tomorrow" in their consumer spending habits.
• C) stimulating of economic growth in the country.
• D) creating massive amounts of consumer debt.
• E) providing a fundamental and solid basis for sustainable long-term prosperity in the nation.

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Definitions:

Ethnicity

A social construct that categorizes people based on common language, religion, nationality, or other cultural factors.

Antiracist Allies

Whites and others working toward the goal of ending racial injustice.

Racial Injustice

The unfair treatment of individuals or groups based on race, manifesting in legal, economic, and social disparities.

Whites

Refers to individuals or populations characterized by lighter skin pigmentation, often used in the context of discussing racial and ethnic identities.