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Social and economic effects of the industrial revolution
The impact of the industrial revolution
Social and economic effects of the industrial revolution
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Trevor Garcia Coach Stu Economics H 12/13/2017 The Economic blast in the 1920s was a period in American History regularly alluded to as the Roaring Twenties. This time of financial blast was set apart by fast modern development and advances in innovation. The Economic Boom in the 1920s saw increments in efficiency, deals and wages joined by a rising interest for purchaser items prompting gigantic benefits for organizations and partnerships.
The 1920s, known as the Roaring Twenties, was a time of economic distinction for the United States. An average of 95% of the population had jobs, giving them the freedom to own homes and cars with enough money leftover to enjoy a ballgame or a movie. Factories were in full swing, using the assembly line to produce goods at an all time high for a price lower than ever. However, the economic boom came to a halt. Factories began producing more than people were buying, creating an overproduction of goods.
Consumerism in the Roaring Twenties led to an overhaul of the US manufacturing industry, where cheap goods and new innovation filled the market and made the average American more comfortable and connected to national figures and a shared American identity. Fordism transformed the American economy, allowing
The consumer revolution that occurred in the 1920s gave Americans prosperous hope for the future of the United States of America. The people became comfortable on how they were living their lives. After the stock market crashes in 1929, people were left jobless and hungry. For those who do not know exactly what happened in the Great Depression and just figure it was a time of famine and unemployment and wasn 't thought of as a big deal, but it sure was. In the text book it talks about the specific effects the Great Depression had on all types of people.
The United States has undergone many innovations and events during the 20th century. The U.S. became a growing economic powerhouse has technology and innovation enhanced and resulted in improvements to everyday life due to the changes made after World War I and by Franklin Roosevelt during his presidency. After this postwar era, the U.S. entered one of its most productive decades in history. Known as the “Roaring Twenties,” change in social, economic, political, and cultural aspects gave the U.S. a time of prosperity. However, this prosperity would only last for a little as the Stock Market Crash of 1929 would bring hardships back to the people.
Although towards the end of the decade, there was a great depression, it brought positive effects that stabilized the economy and laws (Chapter 2: The 1920s and the Start of the Depression 1921-1933, 2003). This, in the end, led to an economic cycle that created more and more prosperity and a more relaxing lifestyle for commoners. With the relaxation of living, people were able to develop culture instead of being chased by survival. The 1920s is also referred to as the “roaring twenties.” The American government banned drinking pubs to prevent crime or the negatives, but people continued to open illegal shops and because they were drawn to things that were not allowed to do, it soon became a craze.
My topic will be on the rise of Consumerism in the roaring 1920’s. I will include the development of the department store. From the importation of the British business model to New York, to the development of the Marshall Field & CO store in Chicago that revolutionized the shopping experience. I will also focus on the rise of factories and the large-scale industrialization of the US in this time. Through the use of techniques such as the assembly line among the large number of factories in the north, there was a large output of goods that fueled consumerism in the 1920’s.
1 - Consumerism developed in America during the early twentieth century in large part due to the boom in industry created by Europe 's inability to create goods after World War I. Combined this with American inventions such as Henry Ford’s assembly line and Americans had money to spend (Schultz, 2013). With the advent of an electrical distribution system, Americans had electricity in their homes for the first time, which led to the desire for all types of electrical appliances to make life easier. All these new products meant that companies had to get the word out about their products which ignited the advertising industry, which led to even more consumerism. Mix into this recipe, the growing credit industry, and you had consumerism like
The 1920s were marked by an increase in consumerism due to a booming economy post-World War I (CrashCourse, 2013), the increasing popularity of consumer debt (CrashCourse, 2013) and an increase in the mass production of consumer goods (Osburn, n.d.). Coupled with technological advances, families now had access to mass media (in the form of the radio and television) and modern conveniences, such as household appliances and automobiles. Radio and television broadcasts helped to build a mass culture, where consumers were watching, listening, purchasing and emulating the same things across the nation (Osburn, n.d.). Women’s suffrage granted women the right to vote; some women took this new found voting freedom as license to break from traditional female roles in other areas and began dressing and
The 1920’s was a time when Americans were recovering from World War 1. The economy was better than it had ever been for most Americans. There were many opportunities, choices and personal freedoms during this era that pushed religious and moral boundaries. Although prohibition was still in place, speakeasies provided liquor in its nightclub atmosphere. Corruption also occurred as politicians and law enforcement was bribed to “look the other way” as these activities occurred.
Following World War I, the United States emerged as the world’s largest economic power, and along with this great prosperity came great propensity for great changes in society, which led to the decade known as the Roaring Twenties. During the 1920s, a new form of the American economy emerged which emphasized extremely high rates of consumption. The public began to buy as much as possible. Assisting this system was a concept known as installment buying that allowed people to acquire an expensive commodity, perhaps a new automobile or radio, and pay for it over months and months, in small amounts each time. Along with the increase in prosperity and consumption came a vast increase of popularity of the stock market.
Consumerism rapidly swept through American Society throughout the 1920’s. This wave of new innovation caused people to buy new and expensive products, such as the washing machine and the radio; however, most did not have the income to afford these devices. So installment plans came about and because of this people began to go into debt. Another huge source of debt came with over speculation, as people who could not afford stock themselves bought it on margin. The 1920’s became all about appearance and throwing caution to the winds when it came to expenses.
As World War II came to an end, the United States entered the 50s. This decade became a major influential time that brought many cultural and societal changes. Categories such as the economy, where a boom in new products increased, the technology world which incorporated new medicines and computers, entertainment when the television became popular and the overall lifestyles that Americans adapted to. All of these topics reshaped and created several advancements throughout society during the 1950s.
In the 1920s, mass-production and mass-consumption were the mainstream in the American society. The “mass” culture made consumer goods, and ordinary people could easily enjoy movies, radios, music and sports (634). Politics changed from Progressivism demanding government intervention to supporting individual success in private business (623). Henry Ford founded the Ford Motor Company, and adapted the concept of mass-production to his automobile business. The mass-production of the automobile brought a big change in America.
Did you know 43.9% of children that are abused died? I bet you didn’t. Every 10 seconds, a phone call to the police is made for child abuse. There are many ways to abuse a child from physical to verbally and also mentally and sexually. In 2014, over 1 billion children globally, ranging from the age of 3-17 years of age, were reported victims of child abuse.
