SW week 23 Flashcard - Roaring 20’s up to WWII

Front

How did the increased supply of goods affect consumers in the United States?

Back

The price of goods decreased.

Front

What was the major drawback from the introduction of credit and installment buying?

Back

Overbuying sometimes led people into debt.

Front

October 29, 1929 became known as after the prices of stocks fell sharply.

Back

Black Tuesday

Front

With a home mortgage, who holds the deed while the debt is being paid off?

Back

the bank

Front

Why did migrant workers move from place to place during the Great Depression?

Back

Work often ran out.

Front

Which western European countries were affected the most by the economic depression in the United States?

Back

Germany and Great Britain

Front

What economic change occurred in the 1920s?

Back

Personal incomes increased and goods became more affordable.

Front

What system allowed consumers to purchase goods immediately and pay over time?

Back

Extended credit

Front

What did banks begin offering in the 1920s that helped people buy homes?

Back

Mortgages

Front

What financial behavior was emphasized in the 1920s?

Back

Borrowing and spending