American Economy In The 1950's

166 Words1 Pages
The economy was prospering at enormous heights during the 1950’s. In order to keep the economy running smoothly, the promotion of low inflation was encouraged for people to continue buying goods. The American economy was strong and new businesses were sprouting up all over the country. As a result of these businesses, the job market stayed strong and Americans were high paid in relation to other industrialized countries. In the 1950’s the big motto of “buy now, pay later,” was what Americans followed, in which they bought goods such as houses, appliances, and cars on credit. Although, during this time, “there was an assumption that became associated with citizenship. Buying goods, was once a sign of personal indulgence, now meant participating