Which statement best describes american economy in the late 1920s

a. high tariffs stimulated international trade

b. only the wealthiest americans had access to credit

c. mass production was not equally matched by consumption

d. unemployment was higher than ever before in american history

Question

Fonzie

History

6 December, 17:13

Which statement best describes american economy in the late 1920s

a. high tariffs stimulated international trade

b. only the wealthiest americans had access to credit

c. mass production was not equally matched by consumption

d. unemployment was higher than ever before in american history

+3

Answers (1)

Know the Answer?

Marc Mercado · Answer 1

The statement that best describes the american economy in the late 1920s would be " b. only the wealthiest americans had access to credit," although this of course depended on the amount of wealth in question.

Which statement best describes american economy in the late 1920sa. high tariffs stimulated international tradeb. only the wealthiest americans had access to creditc. mass production was not equally matched by consumptiond. unemployment was higher than ever before in american history

Which statement best describes american economy in the late 1920s

a. high tariffs stimulated international trade

b. only the wealthiest americans had access to credit

c. mass production was not equally matched by consumption

d. unemployment was higher than ever before in american history