Reasons Behind the Economic Boom of 1920's

Without both industrial revolutions the United States would have not been able to industrialize or modernize. Even though the Industrial Revolution began in Britain, the United States was able to become the more powerful country after both Industrial Revolutions. Before the Civil War, industrialization was slowly occurring with the invention of the steam engine and later the steam boat. It helped oversea shipping faster, making Britain successful. After the Civil War, the United States particularly New York, built many factories that increased the population and the number of workers.

Additionally, this was a major stepping stone for the US government and the society because he was a major change that showed the US is growing rapidly and will become one of the world’s top powers. The power of the US was able to grow and expand in the time during the Industrial Revolution that made it the most powerful country in the world. The US was dealing with the issue as a quickly growing nation that was ever expanding. The process that was occurring was making the US powerful. This was a different time for the US and they were going to become a world empire which was uncharted territory for the US.

The Cause of the Economic Boom in the 1920's 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. This was a period of prosperity, when the country's economy was doing well and some of the people were sharing in it. A long-term cause of the American boom in the 1920´s was America's natural advantage and regional diversity. The South was mainly used for farming but also had large amounts of oil.

(Bailey) Overall, the Industrial Revolution brought more money to North America which caused the country to flourish and it kept the country alive and helped it grow to what it is today. The Industrial Revolution, in my belief, was the most important thing that ever happened to America. The country needed money and the Industrial Revolution brought the money which it needed. The cities began to grow because of the people moving to the factories. The amount of jobs also grew and this was good for the society.

The Boom in Nineteen-Twenties The economic boom in America was the sudden increases in economics. The economics of America was America's money. Businesses grew because they were selling more goods, and making more money. Because of increased demand and increased production, companies had to employ more people. This means that more money was available to spend.

The Boom in the United States in the 1920's In the 1920’s the U.S.A was booming .businesses grew, people had more money to spend and they became very wealthy. Buildings and roads were built. New products were available to Americans like washing machines, cars and radios. In my essay I am going to look at some of the biggest factors that caused the boom. The most important reason for the boom was world war one as they were very rich after the war.

This large gap of social classes would stand to cause a great economic growth in America, predominantly at the expense of the lower social classes. Social classes were shifted very abruptly during the Industrial Revolution due to the increase of capitalizing on industry and manufacturers, the specialization of work tasks in manufacturing, the need for smaller and more finesse-based workers, and other factors, which in turn would ultimately benefit the American economy (however, at the expense of the lower classes). The first reason why a large social gap was created was due to a great increase of individuals, mostly rich, white males, who capitalized on the industry and on manufacturers. These individuals invested their wealth into factories, and owned them. These factory owners were typically, if not always wealthy, due to their taking advantage of factory workers, and the factory’s high output of product (therefore resulting in a high input of income).

The Industrial Revolution was the general name given to a time period that marked the transition from hand-made products to machine-made products, leading to a booming economy and an abundance of jobs for unskilled workers. All of these components of England resulted in an increase in large towns and cities in order to sustain the growing population. The most prominent of these new cities was Manchester. The city sprang up after 1750 and swiftly grew in population to become a leading textile center in England. Manchester’s rapid urbanization, benefitted the industry in Europe as a whole; however, this success raised many issues- namely the fact that the citizens of the city suffered great morale and health declines.

The allies just didn’t have the resources to produce the weapons needed to continue the war effort themselves. Therefore they bought the required munitions etc. off the Americans, so as a result the Americans where being pumped full of money from the allies. This meant that while the allies fought the war and were being depleted of their wealth the Americans had a time of prosperity resulting in the USA finishing WW1 as the richest country in the world, while the of rest of the world tried to back on their feet. This meant that there was a lot more money in the US economy so new technology could be researched before any other country in the world giving America an overall advantage.

Although the war had mostly negative effects on the United States after it, the war helped make the U.S. an international superpower. After the conflict, European nations began to depend on the U.S. for both foreign goods and aid. The war devastated the European economies, creating a dependence on the U.S. manufacturing that helped produce a post-war economic boom in the U.S. The war also marked the beginning of the era of international intervention from the U.S. Overall, World War I was a positive experience for its citizens during the war, but not after, and it was a positive experience for the nation’s economy and power both during and after the war.