Many new businesses became preeminent and prosperous during the 1920's, such as the steel industry, department stores, and the automobile industry. In 1920, for example, Woolworth had 1,111 stores, and in 1929, they expanded to 1,825. J.C. Penney, on the other hand, expanded from 312 stores to 1,395 (The Roaring Twenties). During this time, department stores also introduced installment payment plans to their cus... ... middle of paper ... ...the 1920's proved vital to the growth of America and provided an enormous stimulus for the national economy. Citations (5 in alphabetical order) "America's Economy in the 1920's."
With the assembly line the time to create one car dropped from 12 hours to 90 minutes. The price of the automobile fell greatly also, which further increased the demand. The automobile industry inspired other industries to form, such as the steel, rubber, petroleum, machine tools, and road building industries. But life wasn't just peaches and cream in the 1920's. Immigrants and farmers were facing some serious adversity.
Prosperity during this time allowed for the residence to afford these worldly purchases they so greatly desired. From there on out the world would change greatly to adapt to the steady increase of these pragmatic automobiles that originated in this exuberant decade. (“1920’s Automobiles; Scott Roberts) Cars can cause many different impacts of the environment like pollution to using up our natural resources. Up until the nineteen twenties oil was used in a rather moderate amount, this however would drastically change in those short ten years. With a progressive number of cars finding... ... middle of paper ... .../us/46a.asp Ushistory.org.
But in 1922, a real estate corporation announced themselves as a sponsor. They didn’t even say a word of praise to its house lots. But this innocent thing sprung open advertising. So now, this is another great way to advertise your product was to be on a radio or on the news channel. The advertising of your car made the production of cars also increase because they had more people buying them.
Social mobility provided for by an onslaught of new motion pictures, musical styles like jazz and expanded radio broadcasting. And moral mobility as the U.S. population became increasingly disenchanted by traditional values. This one concept was the underpinning of the major movements of the decade of the 1920’s. At the core of the boom that was the “roaring 20’s” was the automobile. The primary boom industry of the period, the automobile industry employed one of every 14 manufacturing workers and spawned a plethora of ancillary industries.
In 1907 he purchased the stock of most of his associates. The Ford family remained in control of the company. By cutting the costs of production, and soon adapting to the new conveyor belt and assembly line for automobile production, and by featuring an inexpensive, standardized car, Henry Ford was soon able to lead sales for all his competitors and become the largest automobile producer in the world. Henry soon came to be regarded as the “apostle of mass production”. In 1908 he designed the Model T. Almost 17 million cars were produced worldwide before the model was discontinued and a new design, the Model A was created to meet growing competition.
Having survived World War I and now an established international powerhouse, the U.S. economy was becoming a lion in world economics. The American stock market had risen to new heights, and had become a central force in the American economy. However, like a child with sugar and climbing a tree, this proved to be more of a demon than a blessing. An article published in the New York Times on March 24, 1929 described the credit frenzy of the decade: …the number of brokerage accounts had doubled in the past two years [1927-1929]. .
[Online] Available http://www2.uta.edu/geology/compulit/mailhist.html, December 20, 1999. Hafner, Katie and Lyon, Mathew. Where Wizards Stay up Late. New York, NY: Simon & Schuster Inc., 1996. "Internet."