Rising Standard of Living (6 jan 1920 ano – 6 jan 1929 ano)

Descrição:

- Income rises 35%

- Electrical appliances: refrigerators (icebox), dryer, washing machine, vacuums, etc.

- Installment buying allows more people to buy new appliances. Early version of credit cards. Example of American instant gratification.

- War showed people that life was fragile. In response, they lived in the moment and spent a lot of money.

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