Boom Period in the 1920 America - 852 Words

Boom Period in the 1920 America By the end of the First World War America was regarded as the most powerful and richest country in the world. In the 1920 ´s the United States economy was booming with success and increasing prosperity, in which a great deal of Americans, though certainly not all, shared. This period was also known as the roaring twenties ´. With a plentiful supply of raw materials (e.g. oil and coal) and the policy of isolation and containment in place, America soon became even more powerful and wealthier. America had great regional diversity, with each region contributing something different to the economy. In the South there was vast areas of farmland, cattle ranches and†¦show more content†¦Cheap labour from an influx in immigrants helped the idea of mass production and the increase in factories and new industry. It was not only the car industry that expanded during the 1920s. With the help of the motor car industry, other industries started to grow, including the steel, rubber, glass, leather and oil industry. The construction industry grew due to the increase in traffic on the roads. Other consumer goods used the idea of mass production, causing a boom in the economy; radio sets, telephones, refrigerators, vacuum cleaners, washing machines and ovens were all being rapidly manufactured to serve the needs of the public. These new goods were attractive to the Americans, resulting in sales rocketing. The ability to buy these goods, was greatly helped by the introduction of credit facilities - hire purchase. This allowed people who could not afford the whole cost of the product to obtain it by paying for it in instalments over a certain period of time. Mail order also increased the market for goods into the more remote areas of America. Also, throughout the 1920s there was a great feeling of consumer confidence among the American people. Consumer spending was rocketing, and the stock-market was booming as share prices increased. Advertisements on the radio, in magazines,Show MoreRelatedEssay about The Roaring Twenties of the United States1474 Words   |  6 Pages By the end of the First World War America was regarded as the most powerful and richest country in the world. In the 1920 ´s the United States economy was booming. This is a period of prosperity, when the country ´s economy is doing well and the people are sharing in it. This period was known as the roaring twenties ´. In this period many jobs were made more secure, many families had more to eat, electricity was widespreadRead MoreUsing the four passages and your own knowledge, assess the view that the impact of the First World War was the main reason for the booming economy in the USA in the 1920’s1661 Words   |  7 Pagesthe USA in the 1920’s (40 Marks) I believe that the First World War did not have as much of a significant impact on the American economy as mass production, infact i however see that instead of benefiting the economy the War in fact had the reverse effect to that of which interpretation A and C suggest that the war was the most important factor of the 1920’s American economic boom. Firstly, the biggest reason as to why mass production was the main reason for the economic boom was that the AmericanRead MoreEssay on Economic Expansions in 1920s1452 Words   |  6 PagesDuring the 1920s, there was a rise in economy of the United States. The people of the United States and its territories enjoyed a prosperous life, as the economy grew 7 percent per year between 1922 and 1927. In this period, also referred as â€Å"Roaring Twenties†, there was high economic growth with increase in the living standards of Americans. According to the textbook, â€Å"Nation of Nations†, the reasons for the economic expansions in the nineteenth century were due to the boom in the industrial sectorRead MoreEssay on The Cause of the Economic Boom in the 1920s778 Words   |  4 PagesThe Cause of the Economic Boom in the 1920s By the end of the First World War America was regarded as the most powerful and richest country in the world. In the 1920 ´s the United States economy was booming. This was a period of prosperity, when the countrys economy was doing well and some of the people were sharing in it. A long-term cause of the American boom in the 1920 ´s was Americas natural advantage and regional diversity. The South was mainly used for farmingRead More Causes of the Great Depression Essay1143 Words   |  5 PagesDepression Throughout the 1920’s, new industries and new methods of production led to prosperity in America. America was able to use its great supply of raw materials to produce steel, chemicals, glass, and machinery that became the foundation of an enormous boom in consumer goods (Samuelson, 2). Many US citizens invested on the stock market, speculating to make a quick profit. This great prosperity ended in October 1929. People began to fear that the boom was going to end, the stock marketRead MoreAmerica in the 1920s729 Words   |  3 PagesAmerica in the 1920s, also known as the Roaring 20s or New Era, was a time of great changes and huge growth. America was being a more modern nation, and a return to normalcy was being seen after the Progressive Movement and First World War. Politically, the American government was seemingly conservative, but experimented with different approaches to public policy and foreign diplomatic policy. Economically, it was a time of tremendous growth and ne w forms of organization. Socially, the American popularRead MoreThe New York Stock Market1635 Words   |  7 PagesThe stock market is filled with individuals who know the price of everything, but the value of nothing,† is a relevant quote relating to the stock market during the 1920s quoted by Phillip Fisher, one of the most influential investors. The booming years of the 1920s, stocks and bonds were being sold at higher values than people could invest. Customers, banks and investors took money out of their pink piggy banks and embarked on investing in the New York Exchange Stock Exchange, nicknamed â€Å"Big Board†Read MoreThe Essence Of The 1920 S1659 Words   |  7 PagesThe Essence of the 1920’s in The Great Gatsby â€Å"The Roaring Twenties was the period of great American prosperity which was built on shaky foundations.† For decades, the 1920’s have been interpreted as a period of economic prosperity and social change in which the novel The Great Gatsby was born. In the early 1920’s, the United States experienced a period of immense reorganization of social and economical life; therefore, this post- World War I era became referred to as â€Å"The Roaring 20’s†, â€Å"The JazzRead More The Economic Boom of the 1920s Essay1170 Words   |  5 PagesThe 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 didnt apply to every one many believed that it was excellent and exciting a time of great hopes. In the twentiesRead MoreEssay on Life Changes of Americans in the 1920s568 Words   |  3 PagesLife Changes of Americans in the 1920s In the 1920s many American lives were improved greatly, but some lives were as bad as they had been before. The economy was booming, with cars being mass produced, and many other consumer goods such as radios, were widely available. Also more jobs became available, and many people recieved a par rise. However there were bad things such as racism about. Many ethnic minority groups were treated poorly. The most racist group around