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Essay On The 1920's Economic Boom

593 Words3 Pages

America became successful due to the occurrences that happened in the year of 1920, in the year of 1920's the economic boom was something big in the Americas. Throughout the year America succeeded because of the development of new things like the new technology during the war (WW1), the development of new industries, the automobile, more efficient production techniques, consumer goods/credit (fridges, radios, telephone etc), entertainment (Hollywood, cinemas, jazz clubs, speakeasies), stock markets (Wall Street), and skyscrapers. The industrial strength was one of the reasons why it prosper. The industrial strength helped because it help increase the jobs for people who were in need of one. The development of the automobile industry …show more content…

The Republicans Presidents adopted a 'laissez-faire' meaning to leave alone, this policy allowed big businesses to expand without the government to get in the way. The republicans also believed that if they lowered the taxation, it would enable people to keep more money and people would reinvest their money in industries. The outlook of the boom in the 1920s was it was something that help with the future. The big boom help develop many technological stuff, our technology today is developing more and more everyday. Without the boom, many of the population now wouldn't have the jobs they have now.

In the 1920s new industries impacted in the Americas. Many industries like the automobile industry, the consumer goods and may more prosper in the 1920s in the Americas. The automobile industry prospered mostly during the 1920s. Car prices were decrease significantly so that they could be affordable to the people. Henry Ford who established the assembly line, helped reduce the time it took to make a car, with the assembly line cars were being made within 1 hour and 33 minutes. Automobiles, in turn, stimulated the growth of steel, glass, and rubber industries, and much more. Consumer goods were available for women and men due to the advertising, which developed new methods of alluring buyers to impulse new products through new

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