The Roaring Twenties will always be remembered as a period of glamour and prosperity, a time when leisure and consumption dominated American life. Department stores, automobiles, modern appliances and luxury goods lured American families into believing that affluence was within everyone’s reach. All they had to do was borrow and spend on consumer goods or invest in stocks, which could dramatically increase their income. The Prosperity of the 1920s During the optimistic 1920s, credit buying and speculation became the norm. Banks relaxed their credit policies, tax cuts increased the money supply available for speculation, stock prices rose and people rushed
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