Essay On The 1920's: The Decade That Redefined American Culture

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The 1920’s was the decade that redefined American culture and made the United States what is is today. Advancements in science, engineering, and music are just the tip of the iceberg in the 1920’s. This was an exceptionally prosperous time for the majority of the country in a surplus of ways. More specifically, there was a sizable change in the lives of people during this period in history due to the new idea of consumer credit. This is the decade that changes the entire way of buying and selling goods. People are now able to take out loans to buy goods (such as cars, furniture, refrigerators, etc.) and pay back in installments. (USHistory.org) This process makes goods much more affordable for the average person which cause a drastic increase …show more content…

They could only purchase things with the money in their pockets. Before the 20’s it wasn’t a great issue because there was not as much technology to purchase and goods were not being sold at such high prices. However, as things such as the Ford Model T car, the refrigerator, vacuum cleaners, clothing irons, and other technologies come about, the average American does not have the cash lying around to buy these products. By giving people loans to buy these new 19th century luxuries, they were building up the economy. Businesses were booming, people were spending and making lots and lots of money. The idea was to be able to get people to buy things that cost more than the money in their pockets. They could finance what they wanted to buy and would pay back what they owe in a weekly payment plan. (Media, American Public) Consumer credit was exceedingly beneficial to the economic prosperity of the 1920’s because it made the average American person capable of getting involved in the buying and selling of the brand new and expensive luxuries of the new decade. Consumer credit also got the money circulating throughout the

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