|
|
| A salesman showing a customer some washing machines |
After the end of the World War II, Americans were eager to buy the products that they could
not get during the war or the Great Depression. The growing economy helped greatly to supply them with many of these
products. Big, lucrative businesses rose again, providing essential, mass-produced goods. The introduction of the credit
card also contributed to the new economy. Total credit card debt int the United States increased 7-fold during the 1950's,
from $8 billion to $56 billion. Many people used their credit cards to buy items like washing machines, vacuum cleaners, and
television sets.
|
