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What Is The Role Of The Economy In The 1920's

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The 1920s was referred as the “Roaring Twenties” and marked a time of sustained economic and social progress. Through this decade American economy boomed, new technological advancements were being developed, market shot up, luxurious items were more available , and culture changed. The middle class became stronger as they became habitable to all the wealth during this era of economic booming. Women gained more confidence, started to work, and changed their ordinary wardrobe when the 19th amendment was approved. African Americans moved north and established new music and culture in Harlem. The 1920s was a time of economic boom and social progress. During the 1920s, wages rose and opportunities increased as businesses profits over mass production. The economy boomed due to production, advertising, and Henry Ford’s assembly line. The efficiency in …show more content…

Henry Ford changed America by creating the assembly line, he believed one person should do one task and pass it to the next person who would continue the part. Ford’s assembly line created mass production of automobiles such as the Ford Model T, which not only helped people travel but other industries that produced large amounts of steel, glass, or even rubber. As the wage levels and price of Ford Model T decreased the production and earnings increased. (Gilderlehrman.org) Ford gave people opportunities to work at reasonable hours and with cheaper products, a lot people not only brought cars but other new conveniences.
Ford brought consumer and mass culture to everyone, He created discount grocery stores where people could buy their averages items cheaper. Their money was then saved to buy more expensive items for their household such as refrigerators

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He started to build Model T which was one of the greatest changes to people’s lives. People were able to afford this car because of the rate it was built. This all started because of the assembly line. Henry ford was inspired by flour mills and breweries. Assembly line had a big impact because this allowed factories to make mass

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(“Weber, Austin”) My opinion about this is that Henry ford was an important guy during this time because of his inventions and things that he did like the 40 hour work week, was an important change and had a dramatic impact on the American culture reducing the hours of work from employees and the first t model car, had an impact on the American vehicles management because it became the first global car and it was affordable and better, and also the moving assembly line car production make this things easier for the workers to and have more time to be free than to be in the work, the minimum wage of 5 dollars per day was good because after a day of work you get paid not less than 5 dollars because it was the minimum and for that time five dollars was more money than it is now, Henry ford was major character during this period of time because he helped and he also illuminated the American culture with his wonderful inventions and

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During the 1920s, there was a lot of change going on in the country. The automobile industry, the airplane industry, newer modern corporations and management styles, and newer machinery all boosted the economy, and electricity was used. Cities grew as new jobs became available. The 20s saw presidents Warren Harding and all his scandals, Calvin Coolidge, and Herbert Hoover. In the 20s, we were boosting from the economy, and making our market global.

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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.

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The 1920's, also known as the "Roaring 20's" or the "Jazz Age", was a time era filled with new inventions, for some wealth, and for others poverty. However, with this time period came along many changes for the United States. Inventions such as radios, automobiles, refrigerators, toasters, washing machines, vacuum cleaners, movies, credit and lay away, the instant camera, etc. we're only a few inventions that helped to make the 1920's as memorable as it is. This time period was a time that America bathed in prosperity which allowed U.S. citizens to enjoy more leisure time.

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During the 1920's, the United States became the wealthiest nation in the world. It took many years for the economy to recover and to begin to produce again. By the year of 1921, the economy was on the come up, American per capita increased in industrial output and the unemployment rate was low. Americans were starting to enjoy the wage increase and the higher standards of living again. The economy was improving but it was still in an uneven and an unstable state.

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He began the Ford Motor Company and used the assembly line. The assembly line allowed for fast and easier work. But most of all he created an affordable car for all. His goal was to create an affordable car that the average working man could afford, because all the car that were already produced were not affordable and were very expensive. This allowed for everyone to own a car rather than just the rich.

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The 1920s were the first years of the new, modern America, with a growing consumer society and new ideas and rules. America saw many changes throughout this decade, including but not limited to social, economic and political changes. Throughout this time, new values were made with the growth of new forms of entertainment and education. After the Progressive Era, the ideas of political figures changed with a new focus on conservative politics and less labor issues. With the new ability for people to buy other products than basic needs, their money went to new inventions, causing new industries to grow.

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The "Roaring Twenties" was a period of economic prosperity, social change, and cultural upheaval in the United States that lasted from the end of World War I to the stock market crash of 1929. The decade was marked by significant economic growth, technological advancements, and changes in social norms, making it a unique and exciting time in American history. Economically, the 1920s was a time of great prosperity. The end of World War I led to a boom in industry and commerce, with many businesses expanding and creating new ones. The war also led to a shortage of goods, so there was a high demand for consumer products such as automobiles, radios, and household appliances.

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The 1920s was the beginning of a new life for everyone in America, new things people never would have imagined to use in the past were now accessible. Years before,most people used railroads and wagons to get places. Not only that but, society was split between the north and south. Revolving labor, people usually farmed and owned property, but this would soon change. The 1920s came with unexpected turning points, new technological developments, social behavior change, and economic oppurtunities.

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Henry Ford greatly contributed to the American people. He should be classified and remembered as a Captain of Industry because of his industrial contributions such as the revolutionization of how people used transportation and by helping increase the economy through his 1908 Model T automobile. Henry Ford set great examples for other businessmen with his creation of the assembly line,making the production of industrialized goods faster and easier. Henry Ford used tactics to build his empire such as making the Model T affordable for everyone,good wages for his labor, and buying out other shareholders. With his great generosity and acts of philanthropy,he paid his employers more than average and also supported the people(affordable prices).

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Ford changed the price of his Model T's from 850 dollars to 600 dollars. Soon Ford's sales went from 18,000 to a astonishing 168,000 cars being sold. Something you probably couldnt do anywhere else where the free enterprise system wasn't mainstream. Ford was able to revolutionize the auto industry and with many choices from himself whether it be to hire this many people or buy this many parts for his

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