Buy custom how the stock market crashed
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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1005 |
Essay's paper body
People had now been looking away from traditional values such
as saving, postponing pleasures and purchases, and buying only what they needed (Hicks
99). New advertising methods were used to persuade people to buy new products like
automobiles and radios and house hold appliances. The result was rash buying and
consumption which kept the economy going through most of the 1920's...
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The result was rash buying and
consumption which kept the economy going through most of the 1920's. Three quarters
of the United States population spent basically all of their yearly incomes to purchase
consumer goods like food, clothes, radios, and cars. These were the poor and middle
class: families within comes around, or usually less than $2,500 a year (McElvaine 44)...
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