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USA: The Promised Land?
In just ten years there was a huge increase in production. It was called the `Second Industrial
Revolution'.

Goods Figures of Sales in Figures of Sales in 1929 Increase in Sales
1919
Cars 9 million 26 million 289%
Telephone 10 million 20 million 100%
s
Radios…

Page 2

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Hire purchase

The consumer boom was encouraged by the easy availability of credit.
There was a feeling of confidence among people the good times would last and they would
be able to pay off debts eventually
Pioneered by the car companies, Hire Purchase enabled consumers to buy the goods they…

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