QAEconomics › In the 1920s, manufacturers encouraged consumerism by:
Q

In the 1920s, manufacturers encouraged consumerism by:

A. Offering fewer goods for low prices.

B. Fewer goods for high prices.

C. A greater variety of goods for high prices.

D. A greater variety of goods for fair prices.

A

Answer: D. A greater variety of goods for fair prices.

Consumerism is an economic concept that propels the interest of a consumer in an economy. In other words, consumerism bases production on the demands of the consumers. In a bid to raise the US market in 1920, US manufacturers promoted and advocated for consumerism in the economy. The fostering of consumerism brought a lot of profits to manufacturers as they sold a lot of products.

The trading of these products at fair prices led to even more good profit generation. A variety of products were sold at surprisingly fair prices. This period (the 1920s) is believed to be a very prosperous time for Americans as they had enough money to buy just what they needed as well as enough money to support their families and do other things. There were so many different products all available at good prices. Consumerism isn’t always successful but during this era, it was very successful and efficient.

2 months ago
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