THE U.S. NEWS
Tuesday, May 29, 1926 EXCLUSIVE NEWS TODAY Since 1895 BUYING ON CREDIT
Patricia Moore – Reporter
New forms of financing have allowed
the American people to afford what
perhaps the lower income community
consider the finer things of life. No
doubt, the more affluent see it as a
luxury. The too expensive items
became affordable for households.
With this new found financing, the
America people are out of control and
families are spending beyond their
financial means. The advertising
companies have capitalized on
people’s hopes and dreams to sell
more and better. Housewives now
have more leisure time because now
with available buy now and pay later
credit; they have more time for the
ladies social events. Household
appliances, items like washing
machines, vacuum cleaners, and
refrigerators have given them more
convenience and some has decided to
work outside of the home.
For the housewife, the task of moving
furniture and dragging the carpet and
throw Throw across the clotheslines to beat the dirt and dust out is never to be seen
again. Thanks to the vacuum cleaner, this task is now obsolete. As a matter of fact,
most households very seldom uses the clothes lines because washing machines in
nearly every home. The purchased of the washing machine has eliminated those
tiresome days of filling the outside laundry tub with water and scrubbing clothes
until their hands were raw and red. But wait a minute, with These appliances also acquired the use of electricity. The cost of electricity was
also a luxury that had to be paid on monthly basis. No longer was there a need to
light the kerosene lamps and to keep hard ice in the box to keep food cold. Thanks
to the refrigerator, meats can be purchased on a weekly bases rather than daily.
The hours saved in household work was countless. Has the America Patricia Moore – Reporter Had People gone mad? What does it
mean to buy on credit? Will this new
found way of spending hurt or help
the economy? What if we can’t pay?
Continue to read other topics. FREE NEWSPAPER TEMPLATE DELIVERED BY WWW.EXTRANEWSPAPERS.COM Advertising Buying on Credit The America people has
endorsed a new motto. "Buy
Now, Pay Later." Retailers that
could afford to wait to be paid
acquired new customers and
maintained old customers.
Department stores opened up
lines of credit. If you have Have a job; you can get
credit. The consumers
only need to promise to
pay in twelve easy
monthly installments.
Automobiles purchases
are on a rise. Consumers’
debt has doubled. Can
the consumers be helped
responsible for the debt?
Will this also contribute
to a profound economic
crisis in America? Perhaps
only time will tell. Advertising is becoming a
major profitable business for
advertising companies.
Companies need the expertise
of someone that can help sell
their goods and move them off
the shelves and floor quickly.
Advertising companies that are
aggressive are hired to
advertise for the retailers
merchandises. Merchants
need these companies to
convince Americans to buy
their product. Advertisers are
screaming in radios, putting The Sell Pitch
Printing ads in newspapers,
and putting out signs in front
windows of stores. Catchy
slogans and pictures are
some of the tools that
advertisers use to lure
customers for making
purchases. One other means
that the advertisers are using
on the helpless consumers is
a psycholocal approach as to
why the item is best for the
buyer. U.S. AND WORLD ECONOMY
Because of the spending spree in the United States and spending spree in other
countries, consumers have elevated corporate profits to unprecedented levels.
Businesses are striving, but customers are getting further in debts. New inventions are in
the making, and so are patent attorneys. Manufacturers are founding new ways for fast
production so that they can make larger profits. Jobs are available for those individuals
that desire employment. Henry Ford has stepped out into a new realm other than
making automobiles to a new venture to set up discount grocery stores. Some say they
believe he is doing it out of spite to annoy local store owners. One good thing, we can say
about that is, he is selling to his employees. Grocery store owners are furious. The Automobile Electricity and the
Industry
Telephone Installment Credit Chain Store
Movement Henry Ford and Alfred
Sloan has been credited in
their contribution to the
national economy with
automobile production.
Ford made the
automobile for affordable.
Also his introduction of
the automated assembly
line, many people are at
work with better wages.
Alfred Sloan went for the
luxury car sells and it also
was a hit. Banks and department
stores have to give the
consumer more buying
power by making
installment payments.
Automobiles, furniture,
and mortgages were done
with payment plans. The
consumer society
emphasized spending and
borrowing. Two-thirds of all Americans
household now has these
conveniences. These are all
contributors consumerism in
America. Buy now and pay
later credit has made it easier
to purchase household items
such as refrigerators and
washing machines. 2 The American people of
moving on up. Chains of
stores are multiplying. If
you check our classified
ads, you will find that
there is one near you.
Store chains such as
Woolworths and A&P
grocery store are
expanding. Many banks,
drugstore and cigar store
chains are located in many
cities. FREE NEWSPAPER TEMPLATE DELIVERED BY WWW.EXTRANEWSPAPERS.COM 3