Consumer Spending in 1920
During the 1920’s, most Americans thought that success and prosperity would go on forever. The average worker was making 50% more money than past generations and most major corporations were making fortunes. Also the stock market was ascending to higher levels than had ever been seen. Most Americans started to focus on the present instead of the future as they decided to make their own personal lives easier and more enjoyable. This new attitude brought about many changes in the way people spent their money. No longer did they feel the need to save up for the future. As businesses became bigger and started to merge with other big companies, productivity of goods soared. These companies found ways to decrease costs of producing their goods, which decreased prices and increased consumer spending. Fierce competition between companies was also abundant during this time, so they hired advertising firms to make ads that would attract peopl
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Some common words found in the essay are:
, increased consumer, installment plan, people buy,
Approximate Word count = 642
Approximate Pages = 3 (250 words per page double spaced)
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