Saturday, April 4, 2009
Following the Korean and Cold Wars the United States experienced a time of great wealth. The economy was strong and many Americans enjoyed their new freedom. Families and individuals enjoyed new appliances and technology that set them in a new age of affluence. There was a new system at work that allowed for more upper and middle class citizens to prosper. Wealth went from being determined by accumulated wealth to how much could be consumed by credit. Everyone had a chance to own high quality products with the ability to buy on credit.