https://padlet.com/1730302/vdetwfoxxfpjvhr1 The three most impactful events and topics from the Gilded Age to the modern-day economy are consumerism, the establishment of the middle class, and advertising. en-us 2020-10-04 21:56:48 UTC 2024-11-09 22:42:46 UTC hello@padlet.com https://padlet.net/icons/png/1f4a1.png 1730302 https://padlet.com/1730302/vdetwfoxxfpjvhr1/wish/801301846 Consumerism is the increase in buying of goods and services. By doing this, the economy is growing endlessly with the more money flowing around in a cycle. The standard of living increases with the practice of consumerism. This also helps advance companies technology because they are bringing in more money and are continuously working on new and exciting products. Overall, consumerism is what drives and economy to reach its potential (Chappelow, 2020, Para. 1-2).]]> 2020-10-04 22:17:55 UTC https://padlet.com/1730302/vdetwfoxxfpjvhr1/wish/801301846 1730302 https://padlet.com/1730302/vdetwfoxxfpjvhr1/wish/801313288 There wasn't always a strong middle class in America. For a period of time, there were a group of people who had the majority of the money, and then the stragglers that were dirt poor. However, when the Middle Class was established, it would prove to be the source of economic growth in today's society. Having a strong middle class is very important because it provides a stable base for consumers and helps build productive investment. The Middle Class is important for robust entrepreneurship and innovation of businesses (Madland, 2011, Para.3 ).]]> 2020-10-04 22:30:49 UTC https://padlet.com/1730302/vdetwfoxxfpjvhr1/wish/801313288 1730302 https://padlet.com/1730302/vdetwfoxxfpjvhr1/wish/801320192 When advertising for products first became a trend, many companies would make posters, use billboards,  or put them in the newspapers. The point is to attract customers to buy their products more by telling them why they should buy the product. Often times, celebrities are hired to promote a companies product because if a big name athlete uses a companies product, more people will think the product is worth it. Nowadays with the advancement in technology, advertisements are everywhere you look on social media, live television, and the traditional posters are used as well. When a new product comes out, promoting it nation or even world wide will inform a large majority of the population. Not only does advertising attract attention to products, but it creates millions of jobs for citizens around the world. From social media advertising to website advertising, stable and plentiful jobs are created by the advancement in advertising (Advertising is a Major Industry, 2007, Para. 2-3).]]> 2020-10-04 22:39:30 UTC https://padlet.com/1730302/vdetwfoxxfpjvhr1/wish/801320192 1730302 https://padlet.com/1730302/vdetwfoxxfpjvhr1/wish/801348809 https://medium.com/analytics-for-humans/sharing-economy-a-symbol-of-the-rise-of-consumerism-238617bb2830]]> 2020-10-04 23:11:53 UTC https://padlet.com/1730302/vdetwfoxxfpjvhr1/wish/801348809 1730302 https://padlet.com/1730302/vdetwfoxxfpjvhr1/wish/801351445 https://www.dollarsandsensela.com/blog/citymiddleclass]]> 2020-10-04 23:14:43 UTC https://padlet.com/1730302/vdetwfoxxfpjvhr1/wish/801351445 1730302 https://padlet.com/1730302/vdetwfoxxfpjvhr1/wish/801352635 http://www.fipp.com/news/chart-of-the-week-what-growth-look-digital-arena/]]> 2020-10-04 23:16:02 UTC https://padlet.com/1730302/vdetwfoxxfpjvhr1/wish/801352635 1730302 https://padlet.com/1730302/vdetwfoxxfpjvhr1/wish/801364650 https://www.youtube.com/watch?v=t354-1VU4i0]]> 2020-10-04 23:28:01 UTC https://padlet.com/1730302/vdetwfoxxfpjvhr1/wish/801364650 1730302 https://padlet.com/1730302/vdetwfoxxfpjvhr1/wish/801365645 https://www.youtube.com/watch?v=kuB7oWI1EVc]]> 2020-10-04 23:28:57 UTC https://padlet.com/1730302/vdetwfoxxfpjvhr1/wish/801365645 1730302 https://padlet.com/1730302/vdetwfoxxfpjvhr1/wish/801367519 https://www.youtube.com/watch?v=guKga1zU-Bk]]> 2020-10-04 23:30:59 UTC https://padlet.com/1730302/vdetwfoxxfpjvhr1/wish/801367519