1920s Economy Essay

431 Words2 Pages

America’s economy after World War I only stumbled in the recession of 1920-1921, then prospered for almost the rest of the “Roaring Twenties”. Growth of capital investment went with Andrew Mellon’s, the Treasury Secretary, tax ideologies and the former war. Oil acted as an inexpensive force of energy, which powered large machines and strengthened the working people. Parts were standardized and were all built by machines, so large quantities could be made in a smaller fraction of the time and with a smaller work force. Henry Ford elaborated and built on the assembly line production with his automobiles. New industries were born, such as electric, car, and airplane companies. Automobiles were becoming increasingly popular in America and completely …show more content…

Radio stations were listened too, including music, stories, talk shows, and comedy. The radio brought people together by spreading information through news, advertisements, and entertainment and by revealing similar interests and ways of life. The radio also opened up another door for free enterprise with advertisements. The radio brought families together, sitting at home for a quiet night in rather than out. Shows such as “Amos ‘n’ Andy”, “A&P Gypsies”, and the “Eveready Hour” were often listened to in countless households. Sports became an even more popular pastime with games broadcasted everywhere. Politics became widespread with the modern form of communication with voters everywhere. Music started to be prominent in culture, ranging from famous singers to symphony orchestra. Movies also were enhanced and fashionable with Hollywood at its capital. First utilized as anti-German propaganda in WWI, beginner movies tended to be crude and racist. Movie stars also ensued and made millions of dollars, as critics bashed all aspects of the entertainment industry. With these new forms of technology and hobbies, American culture was blooming with one set grouping of tastes and language with less division of other