Economic freedom came about in the 1950’s. As the consumer culture developed the measure of freedom became the ability to gratify market desires. Along with economic freedom, the attitudes towards debt changed. Low interest rates and credit cards encouraged Americans to borrow money so to purchase those goods that they desire.

Consumers of the 1950’s were not only paving new ground that would shape the 1960’s, but installing a new way of life for decades to come. Now of days credit cards are the major source of being able to purchase goods. The purchasing power of consumers increased therefore increasing the economy.