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Credit began in the 1920's so people could buy things. They used it to buy a car and other items. Pay wasn't very high so credit gave them a chance to have things.

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Q: Why were layway and credit plans popular for buying things in the 1920s?
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Continue Learning about American Government

List 5 things that states are prohibited from doing?

enter treaties coin money issue bills of credit grant titles of nobility tell lies


Why was President Harding popular with the American public despite the scandal?

President Warren G. Harding was popular with the American public because he lowered taxes for people and made things better in the country. Some of Harding's scandals were the Teapot Dome and the appointment of many of his friends to official positions in government.


What is the transfer of money goods and services to a buyer with the understanding that payment will come at a later time?

This transfer of goods and services with the understanding of payment later can be one of these three things...Credit, Loan, and sometimes barter depending on the original agreement.


What factors contributed to the emergence of true popular parties in the US?

The fact that even though the population had the same goals in mind or wanted to achieve the same things, the approach and method in how they wanted to do it was different. In other words, their political philosophies in how to achieve their results were all different.


Why were some people unhappy about poll tax?

Most forms of taxes allow for some flexibility about who pays what. Income taxes are intended to tax people according to their income (although of course there are many tax loopholes). Sales taxes apply when you buy certain types of things, and you have the option of not buying those things if they are too expensive. A poll tax, however, simply requires everybody to pay the same tax. It is just a tax on being a citizen. Rich and poor citizens pay the same. Thus, it will be a hardship for some people.

Related questions

Why were layaway and credit plans popular for buying things in 1920s?

it was easier


Why were layaway and credit plans popular for buying things in the 1920s?

it was easier


What is the most popular website for buying things?

Fashiontiy. You can buy what you want on it.


Can bad credit keep you from being hired?

Not to my knowledge. It usually only keeps you from buying things like a car or house


What happens if you misuse credit?

if you misuse credit then more than likely it will go on your credit score and affect you in life. One way is by buying a house or car. You would never ben able to purchase them kind of things if you misuse or credit


Are there any books that describe how to get a loan with bad credit?

Yes there is one book called "Living Well with Bad Credit," which goes into detail about how to deal with bad credit to achieve things such as buying a house, start a business and get a loan with bad credit.


How do you get business credit cards with bad credit?

If you don't need to borrow money but need the credit card for buying things online you could get one of the prepay cards. You load money onto it and then you can use it like a credit card for purchasing. There are also secured credit card options for those who have credit issues


In the 1920's many American consumers began to adopt the practice of buying goods on credit?

buying on credit was the "item" that lead to the great depression. * people started buying luxury items * people borrowed money to invest in stocks * thought they could repay the loan when they sold their stocl or profit * b/c of so much buying; people were making ALOT of money * stores sold LOTS of goods; that made value of stock rise * at some pojnt; people could no longer buy things b/c they had spent all their money into paying off their credit * inflamation started; that lead && started the great depression


Someone is ordering things in my name using a Hotmail account that is not mine what do I do?

Contact hotmail and let them know & contact the websites they are buying from. If they have your credit card number call your bank you have the credit card with and have them change it.


How can you stop people from buying things in your name on the internet?

Only give your credit card information to secure websites. Shredding important documents with your personal information on them after you no longer need them can also protect you from identity theft on the internet which could lead to them buying things as yourself.


What things are people buying on line?

People are buying all sorts of things.


What are the top Visa Credit Card offers?

Visa credit Card offers the possibility of buying things without having to carry around cash. It is usually a fast way of paying, and some stores offer special registers at which people can only pay with credit cards.