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By the turn of the 20th century, the average worker in Western Europe or the United States still spent approximately 80–90% of their income on food and other necessities. What was needed to propel consumerism, was a system of mass production and consumption, exemplified by Henry Ford, an American car manufacturer.
Consumer culture describes a lifestyle hyper-focused on spending money to buy material or goods. It is often attributed to, but not limited to, the capitalist economy of the United States. During the 20th century, market goods came to dominate American life, and for the first time in history, consumerism had no practical limits.
Land of Desire is a book by William Leach about the development of consumer capitalism in the United States from 1890 to 1932. It was a National Book Award Finalist for 1993. The title of the book comes from the statement by store owner John Wanamaker that "everyone who starts a new thing has to stand where Columbus did when he set sail.
On this day in economic and business history... One of the greatest cultural events in American history began on May 1, 1893, when the World's Columbian Exposition opened to the public in Chicago.
The Conference Board said Monday that its consumer confidence index fell back in December to 104.7 from 112.8 in November. Analysts forecast a rise to a reading of 113.8. ... American consumers ...
“Instead of a typical recession, it's possible the economy will fall into – or in fact is already in – a 'rolling' recession,” Oren Klachkin, lead U.S. economist at Oxford Economics, wrote ...
This led to certain Americans viewing thrifting as "un-American", which was a stark contrast to how American society saw thrifting before the war. [15] This rise in consumption-led American society is what allowed America to become a throw-away society.
The Conference Board reported that its consumer confidence index retreated this month to 104.1, from 109.5 in December. ... is closely watched by economists for signs how the American consumer is ...