USA HISTORY

Detailed explanation-1: -The prosperity of the 1920s led to new patterns of consumption, or purchasing consumer goods like radios, cars, vacuums, beauty products or clothing. The expansion of credit in the 1920s allowed for the sale of more consumer goods and put automobiles within reach of average Americans.

Detailed explanation-2: -The main reasons for America’s economic boom in the 1920s were technological progress which led to the mass production of goods, the electrification of America, new mass marketing techniques, the availability of cheap credit and increased employment which, in turn, created a huge amount of consumers.

Detailed explanation-3: -Consumerism in the 1920s was a state where individuals were encouraged to buy goods in increasing quantities. It was defined by an impulsive desire to spend money. People were caught up in the idea of how only rich people owned a lot of goods-driving a purchasing frenzy.

Detailed explanation-4: -As consumers bought more on the installment plan, the debt forced some to reduce their other purchases. As sales slowed, manufacturers cut production and laid off employees. Jobless workers had to cut back purchases even more, causing business activity to spiral downward.