The 1920s was a change in society one way is through the economy. In the 1920s the economy rose dramatically; this was because of the creation of credit. Credit was a way for people to buy things without paying for them until later. This led people to purchase things that were luxury items instead of things necessary for survival. Which led to the creation of the “Boom Cycle” which is demonstrated in Document 1. Document 1 shows how the economy of the 1920s ran. The invention of credit led to an increase in profits, which led to increase in purchasing power. This led to an increase in demand for goods, then led into an increase in production. Then an increase in sales led to an increase in employment. And because of an increase in employment
