Business+and+Economy-Per+2+2011

Economy: The 1920s were an innovative period that saw many inventions and discoveries. These things allowed business owners to make huge gains and extend their buying power throughout every industry. This led to the increase of incomes, which allowed people to spend more freely and use credit more frequently. Credit fees did not process until the end of the year, so people would put themselves in debt. These things set up the economic downfall of the 1930s. This downfall shook america violently. The stock market crashed. People had to begin to ration food. Unemployment skyrocketed leading the a lower average family income.