Consumer Culture in the 1920s

What characterized consumer culture in the 1920s?

What was a reason consumerism increased in the 1920s?

During what years did consumerism cause the stock market to grow most?

Who was the US president connected to the Teapot Dome Scandal?

Why was the land called Teapot Dome in Wyoming valuable?

How did the growth of credit affect the stock market in the 1920s?

What was an important feature of consumerism in the 1920s?

While consumerism during the 1920s boosted the economy, what was one negative effect?

What did President Harding's economic policies contribute to during the 1920s?

In the 1920s, what reflected the weakening economy?

What did Calvin Coolidge's economic policies during the early 1930s help people forget about?

Consumer Culture of the 1920s

Nonessential goods became popular purchases among consumers, indicating a shift in spending habits.
Increased disposable income for many workers led to a rise in consumerism.

Economic Growth and the Stock Market

The stock market experienced significant growth from 1924 to 1929 due to rising consumerism.
Credit growth allowed investors to buy stocks on margin, further boosting stock market prices.

Teapot Dome Scandal

Warren G. Harding, as President, had economic policies tied to this major scandal involving corrupt leasing of federal oil reserves.
The Teapot Dome area in Wyoming became significant for its oil production, contributing to the scandal's economic implications.

Advertising and Consumerism

Manufacturers actively advertised goods, playing a critical role in the consumerism movement of the 1920s.
The push for advertising led to greater consumption but also contributed to rising personal debt levels.

Economic Disparities

The 1920s reflected a widening gap between the affluent and the impoverished, signaling economic inequality.
Harding's policies fostered an environment that promoted consumerism but did not address the disparities in wealth.

Legacy of Economic Policies

Calvin Coolidge's policies in the early 1930s served as an attempt to divert attention from the negative fallout of the Teapot Dome Scandal, impacting public perception.

Explore the rise of consumerism in the 1920s with these flashcards. Understand the key factors that led to increased spending and examine the impact on the economy and stock market during this vibrant decade. Test your knowledge about important events and policies that shaped American consumer culture.