During the 1920s machines were more equipped to mass produce, and consumers were more ready to have an increase in their spending.This led to many citizens over buying stocks with promise of great fortune in return. Common families would often buy products promised to make their lives easier and solve problems that they did not even know they had. With all these goods being produced, more people were needed to buy them. This meant higher wages, but to their dismay, the wages were not increased even though their was an increase in efficiency. Consumers were often persuaded to buy new products, even with the deficiency of money, so many went into credit debt. Millions of commercial travelers and business owners were also trying to make a living by selling products to people who would not pay for it. This caused the era of false prosperity to come to an abrupt end. Many then tried to sell their stock with no one there to buy it, so this sent America into an even a bigger economic conflict.The stock market and the credit from the broke Americans led to the stock market crashing, and the Great
During the 1920s machines were more equipped to mass produce, and consumers were more ready to have an increase in their spending.This led to many citizens over buying stocks with promise of great fortune in return. Common families would often buy products promised to make their lives easier and solve problems that they did not even know they had. With all these goods being produced, more people were needed to buy them. This meant higher wages, but to their dismay, the wages were not increased even though their was an increase in efficiency. Consumers were often persuaded to buy new products, even with the deficiency of money, so many went into credit debt. Millions of commercial travelers and business owners were also trying to make a living by selling products to people who would not pay for it. This caused the era of false prosperity to come to an abrupt end. Many then tried to sell their stock with no one there to buy it, so this sent America into an even a bigger economic conflict.The stock market and the credit from the broke Americans led to the stock market crashing, and the Great