Hire purchase, consumerism and the popularity of the stock market

Hire purchase, consumerism and the popularity of the stock market.

1. Hire purchase is the system in which someone pays for regular instalments of something. It encouraged people to buy more luxury goods such as cars, as even average earners could buy them with credit, and weren't worried about having to keep up the payments because times were good. 
2. Consumerism is the culture around the buying and selling of products. This increased as Americans had more leisure time and were eager to spend money on the newest and most advertised products such as radios, telephones and washing machines.
3. The stock market boomed during the 1920s due to over 1 million Americans buying shares during the time. Before the Wall Street Crash when this was a bad thing, people were fully investing in the boom, and taking advantage of the production and consumption through shares.