Roaring 20's (2 gen 1920 anni – 1 gen 1929 anni)

Descrizione:

People Spend in record numbers.
Assembly lines increase production.
Department stores give credit cards to their wealthier customers.
Banks offer installment loans, mortgages, and loans to stock market speculators on 90 percent margins.
There are no insider-trading laws.
About 10 percent of U.S. households own stock. Today, about 50 percent own stock, largely because of 401(k)s.
Wealthy Americans look for ways and means to invest their surplus funds.
The middle class considers retail brokerage houses and securities affiliates of commercial banks safe investments.
First National City Bank (Citibank) and its stock subsidiary, the National City Company, have 2,000 brokers selling stocks.
Banks speculate on land development.