Credit played a significant role in the Roaring Twenties, also known as the Jazz Age. During this time, the availability of credit expanded, and consumer spending increased as a result. People began to buy items such as automobiles, household appliances, and other luxury goods on credit. This expansion of credit led to a rise in consumer debt and created a culture of materialism and excess. However, this reliance on credit also contributed to the eventual collapse of the economy, as excessive borrowing and speculation led to the stock market crash of 1929 and the Great Depression.
