Consumer Revolution (jan 1, 1955 – jan 1, 1960)
Description:
The "economic miracle" after WWII led to a consumer revolution. There was an increase in production and variety of consumer goods, making them more affordable to the average person. The idea of buying things on credit was introduced, giving people the chance to buy more expensive things than they could otherwise. The consumer revolution raised the standard of living across the world.Added to timeline:
Date:
jan 1, 1955
jan 1, 1960
~ 5 years