The document discusses consumerism in the 1950s in America. After World War 2, the economy grew significantly and the average family had more disposable income. Television became a major new advertising medium that influenced consumer spending habits. Industries expanded to meet growing consumer demand for manufactured goods like appliances and housing. People also began using more credit to purchase items, popularizing the idea of "buy now, pay later".
The document discusses consumerism in the 1950s in America. After World War 2, the economy grew significantly and the average family had more disposable income. Television became a major new advertising medium that influenced consumer spending habits. Industries expanded to meet growing consumer demand for manufactured goods like appliances and housing. People also began using more credit to purchase items, popularizing the idea of "buy now, pay later".
The document discusses consumerism in the 1950s in America. After World War 2, the economy grew significantly and the average family had more disposable income. Television became a major new advertising medium that influenced consumer spending habits. Industries expanded to meet growing consumer demand for manufactured goods like appliances and housing. People also began using more credit to purchase items, popularizing the idea of "buy now, pay later".
The document discusses consumerism in the 1950s in America. After World War 2, the economy grew significantly and the average family had more disposable income. Television became a major new advertising medium that influenced consumer spending habits. Industries expanded to meet growing consumer demand for manufactured goods like appliances and housing. People also began using more credit to purchase items, popularizing the idea of "buy now, pay later".
baby boom made the 1950’s and 1960’s an era of youth, and many of these young people had pocket money and allowances to spend. They added to the new ‘consumer age’ • Consumerism 1. The Consumer Boom • At the end of World War II, In the 1950s the overall economy grew by 37%. • By the end of the decade the median American Family had 30% more spending power than at the beginning. • In the 1950’s, the Consumer was considered as Patriotic Citizen. • People had more money to spend, and more items to buy. Americans consumed ⅓ of the worlds goods and services 2. Television • Advertising changed to a new revolutionary media. • The first major television commercials was aired. • TV and Radio expenses rise up to 2 billion dollars every year in 1957. • TV commercials were effective to inform the public of the new “must have” tools. Companies would focus on a simple themes, with slogans that were repeated over and over again. • Eating habits changed when families bought TV tables so that they could eat their meals in front of the set.Family life underwent great changes because of television • Families that used to play games or visit relatives suddenly found themselves watching television shows at home 3. Industry • Industry responded to the huge consumer demand. In 1952, America was supplying the world with 65% of its manufactured goods. • New Industries were created out of the huge boom of consumer spending, including The Television Industry, The Plastic Industry, and Mass Housing. • The Automobile Industry went from making planes and tanks, and returned its attention to residential cars. 4. New Way of Spending • People started to use credit to buy a lot of things. • The first credit card was “The Diner’s Club Card”, and was used only at certain restaurants. • As the decade went on people started borrowing a lot and bringing the term, “Buy now and pay later” to the country. • Borrowing brought private debt up $150 billion from what it was at the beginning of the decade • https://www.nhvweb.net/nhhs/socialstudies/t kieffer/files/2013/09/American-Consumerism- in-the-1950s.pdf