consumer Culture
This type of buying allowed people to pay small monthly amounts instead of full price.
What is installment buying?
Buying stocks hoping to resell quickly for profit is called this.
What is speculation?
The crash occurred in this year.
What Is 1929?
Unemployment reached approximately this percentage by 1933.
What is 25%?
Modern equivalent of installment buying today.
What is Buy Now Pay Later?
In the 1920s, products became symbols of this concept related to personal identity.
What is social status?
Paying only 10% and borrowing the rest to buy stocks is called this.
What is buying on margin?
When many people rushed to withdraw their money at once, it was called this.
What is a bank run?
Homeless communities during the Depression were nicknamed this.
What are Hoovervilles?
This social media effect pressures people to display wealth.
What is influencer culture?
Before the 1920s, Americans believed strongly in this financial habit.
What is saving money?
People believed this false idea about stock prices in the 1920s.
What is “stocks will always go up”?
The crash triggered this long economic crisis.
What is the Great Depression?
his chain reaction happened after the crash: crash → bank failure →
What is business failure or job loss?
This modern investing trend mirrors 1920s speculation.
What are meme stocks or crypto bubbles?
Advertising shifted from selling products to selling this emotional appeal.
What is happiness or success?
This risky investing behavior inflated stock prices beyond real value.
What is speculation on margin?
The crash destroyed this key element necessary for a stable economy.
What is confidence?
The Depression changed this permanently in American government.
What is federal involvement in the economy?
High levels of this modern financial problem reflect 1920s risks.
What is credit card debt?
This cultural shift caused tension between modernists and traditionalists.
What is changing moral values?
This event marked the worst day of the crash in October 1929.
What is Black Tuesday?
The crash destroyed this key element necessary for a stable economy.
What is confidence?
The Great Depression spread beyond America to this level.
What is global?
The major lesson from the 1920s is that economic growth without this is dangerous.
What is regulation or responsibility?