First, America witnessed a huge economic advancement. There was a big add-on in consumer spending. When Harding took office in 1921, the country was actually on the verge of economic depression along with inflation and a 20% unemployment rate, but Harding came into office and immediately signed the compulsion Tariff of 1921 and the Fordney-McCumber Tariff of 1922. This proposed to lower the national debt, reduce taxes, cherish farming interests, and cut back on immigration. After Hardings death, Coolidge took over and provided the necessary tax cuts. This raised Americas economy and began America on a new route to success. This provided more jobs for people, and moneymaking opportunities. People were much happier than post war.
whole this money making led to another element introduced as installment buying, which was when the buyer makes payments, or installments, every month until the intact price of the product has been paid. Next, the concept of Needs vs. Wants was introduced. People take food, water, and shelter. But people wanted automobiles, toys, and new inventions.
Due to crapper work, new technology became affordable to the middle class. The main technology introduced was the automobile, movies, the radio, and chemical industries. Before WWI, automobiles were of the upmost luxury, and after, due to the mass production most of all people living in America owned a car. Next, in 1925, commercially issued vinyl records were released, which began the new media wave. People could now enjoy music in...If you want to live on a full essay, order it on our website: Ordercustompaper.com
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