Which statement reflects the general attitude towards debt before the 1970's?

The correct choice emphasizes that before the 1970s, debt was frequently concealed and regarded negatively in society. This perspective was rooted in a cultural belief that being in debt indicated poor financial management or a lack of responsibility. People generally strived to live within their means, prioritizing saving and cautious spending over borrowing. This attitude reflects a time when financial stability and prudence were highly valued, leading to stigmatization of debt as something to be avoided rather than embraced.

In contrast, the other options do not accurately capture the prevailing views of that era. Debt as a tool for wealth creation, a mark of status, or being broadly encouraged were concepts that began to gain traction later, particularly as consumer culture evolved in the latter part of the 20th century. Thus, the understanding of debt shifted significantly post-1970s, moving towards a more accepting view of borrowing when utilized for business investments or consumer goods.