jan 1, 1920 - The Roaring '20s
Description:
With their newfound wealth, people buy in record numbers everything from houses to cars to appliances.
Assembly lines increase production.
Department stores give credit cards to their wealthier customers. Metal charge-plates are introduced. Oil companies offer courtesy cards for charging gas.
Banks offer installment loans, mortgages, and loans to stock market speculators on 90 percent margins.
Added to timeline:
ECONOMICS
Date:
