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What was the short-term effect of the introduction of installment plans on the United States economy?
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Asked 1/30/2013 2:25:13 PM
Updated 9/27/2018 12:26:15 PM
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User: What was the short-term effect of the introduction of installment plans on the United States economy?

Weegy: The installment plans of the 1920s were pretty much the same as any other installment plans. 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.............. ]
sujaysen|Points 3541|

Question
Asked 1/30/2013 2:25:13 PM
Updated 9/27/2018 12:26:15 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by emdjay23 [9/27/2018 12:26:15 PM]
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The economy grew rapidly as consumers spent more and more money was the short-term effect of the introduction of installment plans on the United States economy.
Added 9/27/2018 12:26:13 PM
This answer has been confirmed as correct and helpful.
Confirmed by matahari [9/29/2018 3:43:27 AM]
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