1. The Great Depression
... the period. Much of the attitude of the day was concern over the moral consequences of the new patterns of consumption (Kubik, 1996). Kubik (1996, PG) observes: "The notion that thrift lay at the very heart of economic prosperity dominated public discourse during the interwar years. "Saving and foresight," a widely used Principles text instructed, were simply "indispensable in the capitalistic era ... which we live and work" [Ely et al. 1930, 137]. Accepted as the source of both individual and national economic well-being, saving received widespread moral sanction. The notion that thrif...
- Word Count: 2281
- Approx Pages: 9
- Has Bibliography