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the great boom of the 1920s usa
economic boom 1920
economic boom 1920
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The Economic Boom of the 1920s
After the First World War America was a completely different country. The twenties was a very unusual time period in American History. The twenties were a time of fun and partying. There are many reasons why it was called the Roaring Twenties.
Most of the American people were living a great life and were able to afford luxury items, even though this didn't apply to every one many believed that it was excellent and exciting a time of great hopes.
In the twenties, industry took a very big step. It nearly doubled. Not only did industry grow so did science, fads, laws, beliefs, arts, social lives changed, sports and the various different news from around the globe.
The twenties were a jam-packed decade.
The work week had dropped from 60 to 48 hours. For the first time, the Americans considered play as important as work. The weekend family outing and vacation had become things workers expected it. Huge numbers of people had radios went to the movies and owned a car.
Jazz was also introduced in the 20's
At this time women were needed in society and men began to accept them.
The car and train industry was the largest industry there was. The assembly line made mass production possible, and the industry boomed. "The Economic Boom". America was now a very powerful envy of many countries. America had High production and low unemployment
Henry Ford's assembly line in Detroit was the largest one in the country. When Ford first started making cars, the only car he made was a black Model-T. Almost everybody in the United States had a car. Three-out-of-four families owned one or more cars. With the assembly line they made a lot more cars in one day than they did before. Instead of payin...
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...iets had changed and they ate less starch and the farmers had a lot of left food over unable to sell. They would of sold hem abroad but there was no point for the reason that tariffs would be placed on them. The price for wheat had fallen. They would have to abandon their farmland and move to the rural areas. Over 600,000 farmers went bankrupt within 5 years. Person who disliked the boom- "It was also an era of pettiness, ignorance and poverty"
I believe that the Economic boom in America was a good thing and that the good points out weighed the bad. Yet there were some very bad issues. The Technology, Industry, Music, Architecture, Arts and science advanced to a great extent and many things became available to every human. The old equipment was soon adapted, and is used today. The quality of living conditions slightly improved but America was still far from perfect.
The 1920’s began shortly after World War I when the Americans and the Allies defeated the Germans in 1918. It was a dawn of new politics in America when congress finally passed the women’s suffrage bill and the 19th Amendment became law, giving women the right to vote. Some twenty five million women had won the right to vote. This would play a major role in the up coming election. Many Americans were fed up with Woodrow Wilson, the 28th president from 1913 to 1921. The first election of the twenties saw Warren G. Harding win and become our nations 29th president. Unfortunately, Harding died before finishing his term and vice president Calvin Coolidge took over to become our 30th president. At the end of this term Coolidge was reelected in 1924. The United States had one of the greatest periods of prosperity ever during his presidency from 1923 to 1929. Great technological advances were also made in the 1920’s. Our nation witnessed the first flights around the world. Inventions such as cars and radios improved the standard of living for the common man. These inventions as well as the conservative economic pollicies added to a huge economic boom. “The economy experienced growth of seven to ten percent in six years of the twenties” (Vanguard, facts on funds). Later, many of the economic procedures in the decade would lead to danger especially in the stock market. “The nations total income rose from 74.3 billion in 1923 to 89 billion in 1929.”(Vanguard facts)
The Roaring Twenties was a time of transformation, transition, and change in all aspect of life from the previous era. Everyday life for many people was changed. Products became cheaper and buying on credit became available. Although these transitions were made, not everybody was able to benefit from them.
The time period known as the Roaring 20’s was filled with a lot of changes and exciting times. Every age and gender were affected by this era. Many of the changes during this time are still in place today. From courting and dating, the etiquette of women, to the changing of our education. Multiple things from the 1920’s are still being used today in our everyday life; from jobs to clothing to careers.
The decade known as the “roaring 20s” had more positive effects on society than negative. The birth of modern America began with electricity, automobiles, and radio. The modern women emerged with more available jobs and more time to manage their families and finances. The 1920s were a big step into what has become of the US today.
“The Roaring Twenties were the period of that Great American Prosperity which was built on shaky foundation”. This quote came from an anonymous person describing the great life in the 20’s. It’s very true because it was a great time of social and economic growth, but it was a very unstable and random way of living, which didn’t end up lasting as long as some had hoped. As time goes by in history, many things make America what it is today. The roaring twenties were the most important years contributing to the change in America. First off, the twenties made such an important impact because this was a time for the economy to boom and reform, also during this time women’s rights became more focused on, and lastly due to the many advancements in technology the twenties was a time of great prosperity and wealth. The twenties made life seem so easy, until reality sets in.
The twenties were a time of economic boom, but this boom would end in a crash. It was a good time to be an American, but it only lasted so long. The stock market crash was a blow to the American economy that would not easily be healed.
The 1920's was a time of change in the United States. “The Roaring Twenties” had an outstanding impact on the economy, social standards and everyday life. It was a time for positive results in the industry of consumer goods and American families, because of higher wages, shorter working hours, and manufacturing was up 60% in consumer goods. But it was also a time of adversity and opposition for others, such as immigrants and farmers. Immigrants had lots of competition when they were looking for work and they weren't treated fairly by Americans, depending on where they came from and what they believed. Farmers were paid very little because the price of food kept going down, they also had the Dust Bowl to worry about. African Americans became further infused with mainstream America during the Harlem Renaissance. They were also able to organize and elect officials who would make life better for them. The Roaring Twenties was a very exciting time to live in and we can all learn what the real world is like, and how we can prepare to be ready for it, today and in the future.
"Railroads were the first big business, the first magnet for the great financial markets, and the first industry to develop a large-scale management bureaucracy. The railroads opened the western half of the nation to economic development, connected raw materials to factories and retailers, and in so doing created an interconnected national market. At the same time the railroads were themselves gigantic consumers of iron, steel, lumber, and other capital goods". (Tindall, Shi)
The roaring twenties were a time of cultural, artistic, and social explosion for the United States of America. This era was distinguished by several inventions and discoveries, rapid industrial growth, accelerated consumer demand and significant changes in American lifestyle. It was a time when people lived life to the fullest and pursued having a good time. The census of 1920 showed that for the first time in American history, more people lived in urban areas such as cities than out in the country. While the amount of modern technology would be somewhat lackluster in comparison to what we have today, I would be glad to live in the 1920’s.
So basically, the 1920's or “Roaring Twenties” was a time of major change for America as a nation. Just following the Great War America was on the fast track to new times. There was the model t car, the stock market boom and crash, the banning of alcohol, the radio, jazz music, women seeking independence, Americans seeking higher education, union strikes, the red scare, the death of President Harding and many more. Many people say this was an enjoyable time of constant dancing and entertainment galore, while others would say that the hardships of racism and poverty made this time period one of struggle and hardships. While others only remember the 1920's as the creation of mickey mouse or babe Ruth. This decade truly was “The Roaring Twenties”.
The reflection of American Dream in roaring twenties is perfectly illustrated in Scott Fitzgerald’s fiction work titled the Great Gatsby. People in this era were spending money lavishly and living life to the fullest because they had this motto, that who knows if tomorrow we would die and let’s just have some fun, due to living in post-war decade. They liked to throw a big party just like the charater Gatsby and tend to dress strikingly just like what is potrayed in Daisy. Climbing up the social status is actually part of American Dream as stated by
Through out the 1920’s many inventions were created that altered human civilization. Transportation was successfully mastered. Radio communication was becoming more common and medicine was saving more and more lives every day.
The twenties were a time of excitement, World War I had just ended and it was hard for everyone to settle down. After being away from home for such a long time, Coming back and returning to the usual routine seemed too sedate. Young women and men set the stage for an unforgettable party era which was full of new and exciting experience. Some of these new ideas lasted and other and others were just fads that faded or became less popular.
A negative aspect to the modernization of industry was the over reliance on exports. The American economy began to rely on manufacturing and exports to Europe, but left itself vulnerable to natural cycles in any economy. A depression hit Europe in 1893, which had disastrous effects in America. Europe cut down on its imports from the United States. This caused a reduction in production, and therefore the wages paid to workers. The prices of food and housing did not fall as fast, so the people were left overexposed to these conditions (Text Pgs.
The boom began as a result of America’s immense industrial power. This was caused in large part by the First World War and the unique nature of America’s involvement therein. For most of the war America did not actively participate, and instead lent money and exported arms, munitions and food supplies to the Allies (Walsh 187). They also took the opportunity to expand their markets in the colonies of the warring countries, and they reaped economic benefits. Furthermore the war conveniently destroyed their industrial competitors; after the war, many countries’ industries were impoverished. Their industries in steel, coal, oil and textiles remained strong after the war, and their chemical and film industries developed; America was the industrial leader of the world (Walsh 186). Moreover the growth and actions of these businesses were left unregulated by the predominantly Republican gover...