1. The Great Depression
... the United States. During the war the average household had experienced considerable changes in their spending and credit patterns (Kubik, 1996). The American consumer was captivated with consumer goods as they had been at no other point in history (Kubik, 1996). Not only were the catalogs and storefronts filled with desirable items like the radio, the automobile, ... moral sanction. The notion that thrift built "integrity of character and . . . a truer realization of the duties of citizenship" went largely unquestioned [Harger 1925, 301]. Expenditures on "luxury" goods (defined differe...
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