A new mass economy resulted from the rise of corporations in the U.S during the first three decades of the 20th century, which resulted in a consumer society. In your answer, convey an understanding of how this economic change affected America’s outlook on success. Describe first how Americans came to believe in the promise of prosperity. Then detail the emergence of the mass economy, paying particular attention to the role of Fordism. In the end, you should explain what the new American Dream looked like.
A new mass economy resulted from the rise of corporations in the U.S during the first three decades of the 20th century, which resulted in a consumer society. In your answer, convey an understanding of how this economic change affected America’s outlook on success. Describe first how Americans came to believe in the promise of prosperity. Then detail the emergence of the mass economy, paying particular attention to the role of Fordism. In the end, you should explain what the new American Dream looked like.
Chapter1: Making Economics Decisions
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1. A new mass economy resulted from the rise of corporations in the U.S during the first three decades of the 20th century, which resulted in a consumer society. In your answer, convey an understanding of how this economic change affected America’s outlook on success. Describe first how Americans came to believe in the promise of prosperity. Then detail the emergence of the mass economy, paying particular attention to the role of Fordism. In the end, you should explain what the new American Dream looked like.
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