The Great Depression
The Roaring 20’s The new concept of “credit” and spread of consumerism. Instant gratification was the rule. People were spending money and could not pay.
1929-1939 Stock market crash Nobody realized the effect it would have No money to replenish what was borrowed.
1929-1939 Stock market crash Didn ’ t realize the effect it would have No money to replenish what was borrowed Many found being broke humiliating.
