Living on Credit

During the 1920s, numerous Americans were spreading their finances too thin. A lot of people started opening lines of credit to purchase their consumer goods.

In the comment section, describe how credit can be bad for business, and what happened to the businesses when consumers were unable to repay their debts.

The Roaring 20s

Photo Source: http://www.pbs.org/wgbh/americanexperience/features/photo-gallery/crash/


The Roaring 20s was a turbulent and tumultuous time in American History. WWI had just ended in 1919, and Americans were wondering what was in store for them in the future.

Please read the following three questions and answer ONLY ONE below. Press the 'Comment' button and respond in 3-5 full sentences.

A. After WWI there was a need to return to 'normalcy' for Americans. What could that possibly mean? What are some things that an American would do to move forward?

B. Some call the Roaring 20s the 'Jazz Age'. Why was Jazz an important aspect of American History? Who were some important figures during the 'Jazz Age'?

C. American consumerism was booming in the 1920s. For the first time, Americans were buying goods on credit, using installment plans (definition is in the powerpoint on blackboard), and purchasing domestic products. Was American consumerism good or bad for the economy? Justify your answer.