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The great boom of the 1920s usa
Economic boom 1920
Economic boom 1920
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The Economic Boom of the 1920s After the First World War America was a completely different country. The twenties was a very unusual time period in American History. The twenties were a time of fun and partying. There are many reasons why it was called the Roaring Twenties. Most of the American people were living a great life and were able to afford luxury items, even though this didn't apply to every one many believed that it was excellent and exciting a time of great hopes. In the twenties, industry took a very big step. It nearly doubled. Not only did industry grow so did science, fads, laws, beliefs, arts, social lives changed, sports and the various different news from around the globe. The twenties were a jam-packed decade. The work week had dropped from 60 to 48 hours. For the first time, the Americans considered play as important as work. The weekend family outing and vacation had become things workers expected it. Huge numbers of people had radios went to the movies and owned a car. Jazz was also introduced in the 20's At this time women were needed in society and men began to accept them. The car and train industry was the largest industry there was. The assembly line made mass production possible, and the industry boomed. "The Economic Boom". America was now a very powerful envy of many countries. America had High production and low unemployment Henry Ford's assembly line in Detroit was the largest one in the country. When Ford first started making cars, the only car he made was a black Model-T. Almost everybody in the United States had a car. Three-out-of-four families owned one or more cars. With the assembly line they made a lot more cars in one day than they did before. Instead of payin... ... middle of paper ... ...iets had changed and they ate less starch and the farmers had a lot of left food over unable to sell. They would of sold hem abroad but there was no point for the reason that tariffs would be placed on them. The price for wheat had fallen. They would have to abandon their farmland and move to the rural areas. Over 600,000 farmers went bankrupt within 5 years. Person who disliked the boom- "It was also an era of pettiness, ignorance and poverty" I believe that the Economic boom in America was a good thing and that the good points out weighed the bad. Yet there were some very bad issues. The Technology, Industry, Music, Architecture, Arts and science advanced to a great extent and many things became available to every human. The old equipment was soon adapted, and is used today. The quality of living conditions slightly improved but America was still far from perfect.
The twenties were a time of economic boom, but this boom would end in a crash. It was a good time to be an American, but it only lasted so long. The stock market crash was a blow to the American economy that would not easily be healed.
People now had the chance to look for gold out west and the Gold Rush began. This is when America really had its boom. Lastly, we now have twice as much, if not more, natural resources than we had before.
In the late 1800's, American society began to burst with cultural activity. After the Civil War and the Reconstruction, Americans were eager to return to their normal lifestyles. The period that followed, however, was quite different from what the country was used to. During the war, many pushed hard for a rise in industry, leading to an explosive industrial revolution far beyond what people had expected. America's business and economy had boomed, and, as the new century approached, many had a new outlook on life. They were eager to escape the dull regiments of both the past Victorian era and the new urban lifestyle. This was easy for the upper and middle classes, both of which were growing due to the rapid increase in industry. It was great news for entrepreneurs and business people of the time, because there was money to be made in this desire for amusement. Of course, this was not the whole story of the new Gilded Age, but it was definitely an era of growing leisure time and the business that came along with it.
Throughout history, many things had a great and lasting impact on America. The Roaring Twenties was a time of great social and economic growth to the economy. Many people saw this as an ideal way to live, others thought that it was irresponsible and just a phase. Well those others were right, America has many similarities taken from the 20’s today, but also things have changed and people are more responsible now. America’s history was impacted by the Roaring Twenties because of the great economic boom, the change in how women were viewed, and also the many advances in technology that were made. The twenties will forever be an age to remember.
The 1920's was a time of change in the United States. “The Roaring Twenties” had an outstanding impact on the economy, social standards and everyday life. It was a time for positive results in the consumer goods industry and American families, because of higher wages, shorter working hours, and manufacturing was up 60% in consumer goods. But it was also a time of adversity and opposition for others, such as immigrants and farmers. Immigrants had lots of competition when they were looking for work and they weren't treated fairly by Americans, depending on where they came from and what they believed.
"Railroads were the first big business, the first magnet for the great financial markets, and the first industry to develop a large-scale management bureaucracy. The railroads opened the western half of the nation to economic development, connected raw materials to factories and retailers, and in so doing created an interconnected national market. At the same time the railroads were themselves gigantic consumers of iron, steel, lumber, and other capital goods". (Tindall, Shi)
The 1920s are known as the Roaring Twenties, the Jazz Age, and the Golden Twenties. During this time, there were dramatic social changes in society. The Great War destroyed old perceived social conventions and new ones were developed. The 1920s was a decade that saw a great change in the role of women. The Roaring Twenties was a common name for the 1920s, due to the rise in consumerism and advertising at the time. Morals began to decrease during this time period. The 1920s was a period of time with great societal changes.
During the Roaring 20’s, Henry Ford’s assembly line cut the cost of automobiles by 60% enabling the average American in the working class to buy one. He also provided many workers with unusually high wages of six dollars a day. This set the example for the majority of American manufacturers and many more products became available to Americans. As the financial and cultural gap between the upper class wealth and the lower class laborers shrank, the first urban middle class emerged. Automobiles for the most part were not a hazard to the environment, but instead improved urban environment and living conditions. Farmers gained the ability to transport their produce cheaply to new markets without need for trains.
The 1920s were a time of political and social changes. Americans began transferring from farm life to city living and the economy kept growing. People all over the country were doing the same dances, listening to the same music, bought the same items and even talked the same. Although the 20’s brought much conflict, for some young people and cities, they were definitely roaring.
...ansion of radio, film, the automobile, and advertising were some of the incredible changes that transformed America’s economy and the way of life for its citizens, making many of them very materialistic. This was reflected in the economy of the time, which was booming throughout the decade. The mass consumerism was most reflected the in the expansion of the automobile industry, which saw cars become practical necessities after being basically obsolete up until about 10 years prior. Political and social changes also altered the very culture of America, especially the issues of women’s rights and prohibition. The literature of this period also greatly reflected the consumerist nature of America, in works like the Great Gatsby. All of these things helped contribute to the strikingly different America during the roaring twenties that has changed global society forever.
Most Americans began to live a better life from 1922-1929 otherwise known as the seven fat years. This was due to the government’s relaxed approach towards the economy. The laissez-faire system was encouraged because there was little intervention from the state. Businessmen didn’t have to listen to government they could make their own decisions in order to produce profit and wealth. Government’s approach was pro-industry and anti-labour which meant that there was no protection for the workers thus leading to inequality, long working hours and not a enough pay for the workers to really feel happy or satisfied. Powerful monopolies were able to grow unchecked. Although the laissez is a reason for the crash it isn’t the only one reason. It can be argued that the economic isolationism, loans to Germany and other countries and unequal wealth and income etc. were the causes of the crash because America had many more influences than government not intervening and they were involved with a lot of things and people and would come out on the other side biting more than they could chew during the depression.
... the world. From humble origins in the late nineteenth century, the auto industry grew explosively in the early and mid-twentieth century’s, scattered and decentralized, and reconstituted its work force. The impact on everyday life, from where people live to what kind of work they did cannot be underestimated. The hard work people put in to making the assembly line helped almost all companies succeed in making more cars. Just imagine if the assembly line was not created. It would take years to make a car and the cost of a car would be very expensive. Those changes were especially visible in Detroit which was the capitol of the auto industry automobile nation. The automobile industry would not be where it was today if it wasn’t for all the hard work people put in it in the 1900’s. Ford, Chrysler and general motors’ help create what we call today as the automobile.
Through out the 1920’s many inventions were created that altered human civilization. Transportation was successfully mastered. Radio communication was becoming more common and medicine was saving more and more lives every day.
People had the time and money to buy goods and invest in the economy, which boomed; so unemployment fell and wages rose. More people were employed and had money, which they used to buy consumer products, which then continued to fuel the booming economy. Therefore the main reason for the boom in the 1920s was the increased accessibility of consumer products, and the subsequent empowerment of the consumers. The boom in the 1920s marked the birth of mass market and the consumer-driven economy. Works Cited for: Walsh, Ben.
People had more confidence in new products as they were so rich and willing to take risks. Advertising showed all Americans what is available. Chain stores allowed people to buy things regardless of where they lived as there was always a shop in that area. The sand is a Mail orders catalogues Ensured that mass consumption was always kept going and that people could get the things they wanted. Other factors which helped bring about the boom were natural resources.