Boom Period in the 1920 America

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Boom Period in the 1920 America By the end of the First World War America was regarded as the most powerful and richest country in the world. In the 1920´s the United States' economy was 'booming' with success and increasing prosperity, in which a great deal of Americans, though certainly not all, shared. This period was also known as the 'roaring twenties´. With a plentiful supply of raw materials (e.g. oil and coal) and the policy of isolation and containment in place, America soon became even more powerful and wealthier. America had great regional diversity, with each region contributing something different to the economy. In the South there was vast areas of farmland, cattle ranches and oil fields (e.g. Texas), the East was a prosperous area, rich in industry and newly formed businesses and the West-coast was home to more farmland and hi-tech industry. Americans utilised the land and its resources very well, boasting a successful and 'booming' economy. Mass production helped boost the number of goods made, with the principle behind the system being simple, yet effective. In the factories, assembly lines were set up, with each part of the final product being put together by a separate worker (with his/her own responsibility for that particular part) in long lines and by the end of the assembly line, the product was complete. The job was quick and straightforward, resulting in an increased rise in production and therefore 'boom' in economy. America's great regional diversity made it seem likely that the 'boom' was always going to occur. An example of a newly formed industry in the East was the motor car industry. The car... ... middle of paper ... ... conclusion, I can safely summarise that the USA did go through a great 'boom' period during the 1920s. The table below sums up the 'boom period' very well and shows to what extent things changed during the 1920s: 1920 1929 Motor Cars on the roads 9 million 26 million Kilometres of roads 620,000 1 million Radios 60,000 10 million Telephones 13 million 20 million The 'boom period' was suddenly brought to a sharp end in 1929, as America fell into depression and the Wall Street Crash occurred. During the 1920s the American economy appeared to be strong, healthy, prosperous and no doubt 'booming', but there was some serious weaknesses which would bring the change from prosperity to depression - there were the long-term causes of the Depression.

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