The Roaring Twenties in America

The Roaring Twenties in America

In the first three decades of the twentieth century America became the

richest and most powerful country in the world. America had so much

money it could lend money to Europe after World War One. The average

wage for an American was five times more than the average workers wage

in Europe. America's wealth, population and industry boomed. The

1920's are often known as the roaring twenties in this essay I will

find out if this is true.

The boom in America had a lot to thank for mass production. Many

products were being mass produced quickly and cheaply thanks to the

production line which Henry ford started at the start of the 20's this

created a massive boom in the economy because not only could cars be

produced quickly and cheaply so that more people could afford them,

other companies copied the production line idea as well. Henry Ford

created the 'model T' car in 1909 (which was only produced slowly

until the production line) it was nicknamed the 'Tin lizzie' because

it was slow, ugly and difficult to drive but this didn't stop it from

becoming Americas favourite and best selling car ever between 1909 and

1928. The big attraction of the model t was its price. The price of

the car kept dropping, the price dropped from $1200 in 1909 to $295.

Ford was able to do this by cutting the cost of production. As the

cars were mass-produced, ford needed fewer workers, which cut the

amount of money going out to more workers this also meant that the

workers got more money because their were fewer people to pay. The

cars were also standardised which meant one colour and one engine

size, which cut costs even more...

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...s were good.

The wall street crash was bad for every one in America at the time and

it also effected the world soon after. Shares were good for a lot of

people before the Wall Street crash as they made money by buying

shares for low prices and selling them on for a lot more. Shares

seemed to be good for everyone in the period between 1920-1928 but the

prise of the companies on the stock market were to high the companies

were not worth as much as what was imagined. Everyone thought it was a

easy way to make money but when the market collapsed everyone suffered

a lose in money most people became bankrupt.

America roared for a lot of people and became the most powerful

country in the in the world but life was bad for many throughout the

twenties. Your life would have changed if you could afford it in the

twenties.