The Negative Effects Of Consumerism | Greentumble ~ Trending Info

While consumerism during the 1920s boosted the economy, it also led to. Henry Ford developed this model of car so that it was affordable for everyone. Its success led to an increase in the production of automobiles which stimulated other related industries such steel, oil, and rubber.Economic globalization is the increasing economic interdependence of national economies across the world through a rapid increase Today, advances in technology and computer networks, both as a way of sending and receiving information, have led to a worldwide globalization of the economy.America's economic strength influenced its policies toward Europe during the 1920s. And they warned that a weak economy would lead to serious social problems in Germany and other countries. However, most Americans did not understand the serious effect that international economic policies...Consumerism is a social and economic order that encourages the acquisition of goods and services in ever-increasing amounts. With the industrial revolution, but particularly in the 20th century...3 Economic resources include both material things such as raw materials, housing and others, as well as non-material things, for example, time. 6 Economic models show relationships between different processes in the economy. 7 Adam Smith, the father of modern economies, considered that a...

Economic globalization

Also, in the 1920s urban life was starting to become more desirable than country. New technologies lead to innovation, soaring profits lead to affluence, and higher wages lead to a culture of consumerism. Jacques disclosed that during the previous school year, there had been protests...During the roaring 20s, consumerism was the dominant philosophy in American society, the stock markets were considered invincible and the economy to be growing. Consumerism led people into buying more products such as automobiles, washing machines, etc in installments.While consumerism during the 1920s boosted the economy, it also led to a. more savings. b. higher debt. c. lower debt. d. fewer stocks.During the great moderation (1992-2007), some economists hoped we had seen the end of the business cycle A prolonged period of unemployment can also lead to a loss of labour productivity as workers get Some economists argue that the business cycle is an essential part of an economy.

American History: By 1920, America Had Become World's Top...

All of the leading developed economies will also recover from the crisis faster than Russia. The deal helped bring oil prices back up: during the peak of the crisis in March 2020, a barrel of Urals oil For Russia, this is a big risk: new sanctions could lead to an increase in the withdrawal of capital from the...While consumerism during the 1920s boosted the economy, it also led to higher debt. The correct option among all the options that are given in the question is the second option or option "B". The other options can be negated. I hope that the answer has actually helped you.While going after foreign investors, regional governments also jostled to woo domestic banks for loans to local enterprises. It also maintains strong police and armed forces to combat subversion and defend social stability and order. Third, China has sufficient economic resources to maintain stability.2. It also boosts creativity and innovation. Businesses must continue to offer new goods or services to List of the Cons of Consumerism. 1. The economy takes precedence over the environment. Constant exposure to stress leads to ongoing health problems, ranging from insomnia to depression...

Option B

Explanation:

Higher Debt is the correct resolution.

During the roaring 20s, consumerism was once the dominant philosophy in American society, the inventory markets have been considered invincible and the economic system to be rising. Consumerism led people into purchasing extra merchandise corresponding to cars, washing machines, and many others in installments. Eighty percent of the Americans in the 1920s had no financial savings in any respect. Their lives have been depending on the paychecks. while the wealthy one percent of other folks's wealth develop vastly however the wealth of the remainder of the inhabitants grew handiest through Nine percent, inflicting income divide between wealthy and deficient. Although the financial system seemed to be thriving, in truth, it was false prosperity, where most of the inhabitants had no savings. The Americans have been buying more and saving much less, which used to be a contributing issue to the nice melancholy. it greater the quantity of consumer debt.