Assembly lines, installment plans, and advertisements were crucial factors that helped reduce the prices of higher-cost products for consumers in the 1920s.
Assembly lines helped reduce the prices of higher-cost products such as automobiles for consumers in the 1920s. Henry Ford's adoption of assembly line techniques in his factories allowed for mass production, leading to lower production costs and subsequently lower prices for consumers.
Additionally, installment plans played a significant role by enabling consumers to purchase higher-cost items like automobiles through monthly payments, making them more accessible to a wider population.
Advertisements also contributed by promoting these products to a broader audience, creating demand and driving sales, ultimately influencing price reductions for consumers.
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