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Which was not a reason Americans were buying fewer products by the late 1920s?

Overbuying with credit Stagnant wages Unbalanced income distributio...

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Which was not a reason Americans were buying fewer products by the late 1920s?

Overbuying with credit Stagnant wages Unbalanced income distribution Falling prices

Answer

D. Falling prices.
This is an economic phenomenon known as deflation.
The logic after it is that if you expect prices to go down after a while, why would you buy?
It was one of the most dangerous consequences of the great depression.

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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
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Upload Date: 5/31/2017

This 24 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to History Since its upload, it has received 226 views.

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