Technology and Media in the 1920s · US History

What was installment buying in the 1920s?

  1. Purchasing goods by making payments over time
  2. Buying goods only with gold coins
  3. Trading farm products without money
  4. Paying taxes directly to local churches and community groups
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Correct answer: Purchasing goods by making payments over time

Installment buying allowed consumers to purchase products immediately and pay in smaller amounts over time. It helped expand consumer culture but also increased household debt.

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