Consumerism trends

Definition

The term "consumerism trends" refers to the increase in buying and consumption of goods by individuals in a society, often driven by advertising and the desire for material possessions. During the Roaring Twenties in the United States, there was a significant rise in consumerism as people had more disposable income and access to new products.

Related terms

Gilded Age: This term refers to the period between Reconstruction and the Progressive Era (1870s-1890s) when there was rapid economic growth, wealth accumulation among industrialists, and conspicuous consumption among the upper class.

The Great Depression: This term refers to the severe economic downturn that occurred in the 1930s after the stock market crash of 1929. It led to high unemployment rates, decreased consumer spending, and an overall decline in economic activity.

Postwar Boom: This term describes the period immediately following World War II (1945-1960) when there was a surge in economic prosperity due to increased production levels, high employment rates, suburbanization, and widespread consumer spending.