During the 1920s, the New System of Buying on Credit

Multiple Choice

During the 1920s, the new system of buying on credit resulted in all of the following except

A) transforming once frugal Americans into consumers of cars, radios, and other durable goods.
B) leading many Americans to exemplify the slogan"possess today and pay tomorrow" in their consumer spending habits.
C) stimulating of economic growth in the country.
D) creating massive amounts of consumer debt.
E) providing a fundamental and solid basis for sustainable long-term prosperity in the nation.