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Cars in the usa mass production 1920s
The economic and social impact of the first world war
Cars in the usa mass production 1920s
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During World War 1, the demand of food was high. The US provided for not only their own soldiers, but also those of other nations, and even the civilians in the rampaged neighborhoods. The farmers had confidence and used the income from the government to buy more land and machinery on credit. Banks supported the farmers while the industry boomed. When the war came to an end, the demand dropped but the supply rose.
Additionally,
One of the industries most impacted by this was the automobile industry. As cars became cheaper to make, they also became much more accessible to the public. Between 1908 and 1924, the cost of a Ford Model T dropped by nearly $600. Cars gave people the freedom to travel and see more of their town and the country. People were able to expand their knowledge of the world around them.
Your point on the 1920's of promoting economic growth is pretty accurate. The Advertisement of goods and things available on credit made it possible for the consumer to obtain the labor-saving goods. This further promoted the consumer economy in the 1920's. I also agree that the consumer culture had created more debt for the common consumer during that era. moreover, the prohibition act produced the organized crime culture as a side effect.
According to video, the United States had face hard times in Great Depression in 1920s, because many people spend too much money on the stocks, so the banks could not control over the debts they owe so that market system had been crushed during that time. However, President Roosevelt created the new programs which is called “New deal” so that workers are could get earnings from creating dams, buildings. States taking control over the setting the prices for workers’s wages so that they could invest some money to use for later. Therefore, the banks had been recovered and functioning well because they had been running with consumers spending with earnings slowly. Furthermore, Government also control over private companies so that they could
With the surrender of Confederate states in the U.S. and the ending of the American Civil War, one of the most technologically and scientifically impactful eras came to be a the Reconstruction of the United States. During this era, the trend of mass introduction surfaced, the telephone was invented, the cash register was created, motion picture camera, as well as the high-frequency alternator. While all of these changes intertwined with each other, they also brought about key times within the Reconstruction era, such as the Great economic depression of 1893. The diplomatic United States was affected greatly in economic ways by means of trade, culturally, as four million slaves were freed and certain technologies started as a luxury and later
PART B: To what extent do the profits made during the First World War explain the boom in the American Economy during the 1920s? (20) There were several factors that led to the boom in the American Economy during the 1920s. Some historians would argue that the profits made from WWI were the most beneficial in improving the American economy, however there were also many other features that influenced the boom in the American economy, such as republican policies, agriculture and natural resources, as well as technological advances. All of these factors ultimately led to the economic boom, but which was the most significant? WW1 had a strong impact on the American Economy.
Zinn argues that the economic growth in the 1920s wasn't nearly as good as it was portrayed and claims that any of the increase in money was for those at the top, leaving the middle and lower class oppressed. From the 1920s to even today, Zinn claims that the government and many capitalists have worked at keeping the working class oppressed to keep them on top. This meant that the government made sure to stop any spread of socialist views. Mainly, Zinn believes that the 1920s didn't bring prosperity like it claims. In reality, workers got slightly higher wages but in his theory it is so the workers would stop rebelling after being given just the right amount of money.
There are many American citizens who want the best for their country. They want the people who rule the country to be the perfect men. They want their presidents to be idols for their citizens. Some people think that they can be fair to their country and also can be the perfect presidents for their country. So, they step up and elect themselves and tell the people that they got what it takes to rule their country.
World War 2 spanned across six years, included many counties, but in the end, United States of America and the Allied Forces came out victorious in 1945. The war had a heavy impact on America’s economy, how American civilians and US soldiers returning to the states would continue to live out their American dreams. Gross Domestic Product (GDP) is a baseline to see how the general state of the Country’s economy is doing. When GDP is increasing it is called an economic expansion and when it is decreasing it is an economic recession.
The United States saw a major change in the economy and how goods were moved in the country between 1865 and 1945. The ending of the American Civil War allowed American innovators to begin work on new inventions that would change the American economy. The substantial change was the industrialization of America. Development of electricity and new techniques opened job opportunities in industries across America. The United States began to mass produce steel that was able to be used in the construction of major cities, use railroads to expand into the western part of the United States, and the standardization of money, roads, railroads, and laws surrounding quality of life.
Was World War II the event that ended the Great Depression by getting the government to finally engage in massive deficit spending? Yes, World War II was definitely the main factor in ending the Great Depression. The war brought high demand for military supplies. In turn, the demand for military supplies created a vast number of jobs in the struggling economy. Before this demand was created, the economy worked under the Classical Economist Theory where prices continued to fluctuate, demand was fixed, inflation rose and a decrease in people’s financial assets occurred, meaning their dollar couldn’t buy as much as before.
