Business+and+Economy-Per+6+2011

. Economy was great, but took a crash starting in 1929 . New business and production methods allowed manufacturers to make large profits which they plowed back into new factories and wage rises. . Department store and service station chains used massive buying power and operating efficiencies to lower prices while increasing service and choice, helping wages to go further . Increased incomes, along with the introduction of credit with no credit card processing fees until years later, funded a huge increase in consumer spending . Shoppers were able to buy big ticket consumer items like cars, fridges, washing machines, pianos, vacuum cleaners, furniture, and radios on time payment . Previously, these luxuries were only affordable to the wealthy . Shares could be purchased for a down-payment of 10%, the remainder of the price being financed by a loan from the share broker