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Money, Money, Money.....
Transcript of Money, Money, Money.....
Allows a buyer to take home a product after paying only part of the price.
- the buyer then makes monthly payments until product is paid in full.
*** more than half of the automobiles used in1925 were bought this way.
"A lot for A little"
a person could by a piano that cost $450.00 by paying $15.00 at time of purchase and per month.
* Interest was also added to the payment.
- the money a borrower pays to a lender for the use of money.
" I ain't got no worries"
People did not worry about promising their future earings to get something today.
* this caused some to fall deeper and deeper in debt.
* people were spending more and more money that they did not have.
* Farmers-no longer were crops in such a high demand after the war.
* Immigrants - The number of immigrants entering the U.S. was limited, and a literacy test had to be taken and passed in order to enter the U.S.
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Use the prezi to help you complete the note taker handout.
In the 1920's people also spent their money by putting it in the stock market.
** the stock market is a place where people buy and sell shares in the ownership of a company or business.
** the shares are called stock.
-in the 1920's business boomed and people hoped to make money from the growth of business.