Mass consumerism refers to the widespread increase in the buying of goods and services by individuals during a specific period. In the context of the Roaring Twenties, it describes the significant rise in consumer spending and materialistic attitudes.
Related terms
Overproduction: Overproduction refers to when more goods are produced than there is demand for them. In the context of the Great Depression, overproduction occurred due to excessive manufacturing during the Roaring Twenties.
Credit Buying: Credit buying refers to purchasing goods or services on credit instead of paying for them upfront with cash. It became popular during the Roaring Twenties as consumers relied on installment plans and loans to afford their desired purchases.
Stock Market Speculation: Stock market speculation refers to investors making risky investments in stocks hoping for quick profits. This practice was prevalent during the 1920s when many people invested heavily in stocks without considering their actual value or future prospects.