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Consumerism In The 1920s

137 Words1 Pages
Consumerism rapidly swept through American Society throughout the 1920’s. This wave of new innovation caused people to buy new and expensive products, such as the washing machine and the radio; however, most did not have the income to afford these devices. So installment plans came about and because of this people began to go into debt. Another huge source of debt came with over speculation, as people who could not afford stock themselves bought it on margin. The 1920’s became all about appearance and throwing caution to the winds when it came to expenses. When the Great Depression hit, Franklin D. Roosevelt installed the New Deal programs. The programs focused on reform, recovery, and relief for America’s people and economy; this program was
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