1. The Great Depression
... Some scholars believe that the transition of our society from cash purchases to installment plans helped propel this country into the Great Depression. After the war the fast lifestyle and the associated spending quickly came to a halt and this is believed to be a causative factor in the Great Depression ( ... 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 in which we live and work" [Ely et al. 1930, 137]. Accepted as the source of both individua...
- Word Count: 2281
- Approx Pages: 9
- Has Bibliography