The Economic Boom of the 1920's Essay
1170 Words5 Pages
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…show more content…
Over 23 million cars were made.
Other scientific things that were invented at the time was freezing to preserve foods, car companies for example Ford and Chrysler, dry roll film and portable cameras.
There were many reasons for the boom they were: Mass production: Factories around the USA could use electricity and set up assembly lines and make objects quickly. The cars were made identical to make them easier to make and so they are cheaper.
America was being paid back loaned that it had lent other countries during the war, on top of this they were making interest. The banks now had lots of money to lend to people setting up a business or for people to buy on the margin.
Taxation was kept low and businesses and companies able to keep much of the profit to invest in new efficient factories that produced goods at a cheaper price.
Advertising also played a part in the boom, these convinced people to buy their items. They exaggerated. Advertising took place on the Posters, radio newspapers, magazines and cinema, they encouraged people to buy more and more, and the families had many more items than the rest of the world. When something new had come along every one had to buy it. It was like competitions between the Americans- To see who could get the better things. Hire purchase was also introduced to enable people to have consumer goods straight away. It leads to higher
The Culture of the 1920s in America Essay
1707 Words7 Pages
The 1920s, often referred to as the Roaring Twenties, was a time of great change and a time of powerful enthusiasm in many areas of society. The world had just finished the biggest war in history, the First World War, and the United States was left almost unharmed by the war. The United States was able to experience a decade of peace and success following the war. During this decade, America became the wealthiest country in the world (Trueman, 2000). The people in the United States went through a colorful period during the twenties. However, at the same time the 1920s was also a very rebellious and difficult time for many. The culture of the 1920s has influenced the culture of America’s society today.
Overview of the 1920s “The decade of…show more content…
Technology played a vital part in helping America become the great economic and cultural success that it was during the 1920s. New advancements, new discoveries, and new inventions improved American lives in every imaginable way but not without a few negative side-effects. As mentioned earlier, the automobile really came into play during the 1920s by making traveling a common thing for anyone who could afford a car (Trueman, 2000). Henry Ford started the Ford Motor Company, which began to mass produce affordable automobiles known as the Model-T. Ford's Model-T car became such an irresistible success that by the end of the decade, there was almost one car per family in the United States (Bruce, 1981). The automobile seemed to give people a type of new freedom, but the automobile also proved to be a dangerous item in the hands of many irresponsible people who loved to drink during the 1920s. The washing machine, telephone, and radio made their arrival during the twenties. People were discovering life to be far easier than the previous generations because of technology, but they were also slowly being driven into an industrial nation. People were lured