The Reasons Behind the 1920's Boom

The Reasons Behind the 1920's Boom

Introduction: This essay will mainly examine the main reasons for the

boom of America in the 1920s. Boom can be referred to as the increase

in economy, industry, population and different other factors. Moving

out of the poor lands of Europe and Asia, there was a place found at

last where one could find Happiness or more precisely MONEY. This

glorious land was the 'richest country in the world'- America!

"European luxuries were are often necessities in America. One could

feed a whole country in the Old world with what America wastes. To the

Americans, Europe is a land of paupers, and Asia a continent of

starving wretches"

America was also eligible to be known as 'The country of Luxuries',

'the land of emigrants', 'the land of prosperity', 'the land of hope',

etc. Their way of living was luxurious; almost all people from working

class to high-class rich people enjoyed quite a luxurious life. This

high economical and social developments in referred to as an "economic

boom". The basic key-factors that contributed to this economic boom

are as follows:

- Resources

- Impact of First World War,

- Technological changes,

- Mass-production,

- Mass-marketing,

- Mass-consuming,

- Credit,

- Confidence and

- The policies of the republican presidents.

The following paragraphs would suggest why and to what extent these

factors altered and improved the American economy.

Impact of First World War:America had emerged from World War I with a

strong economy. America itself had not been attacked and had not

joined the war until 1917. Even though USA drew out of its po...

... middle of paper ...

...he tax policies.

[IMAGE]

[IMAGE]

Consequences of the Boom: On analysing the consequences of the boom,

it can be said that the advantages from the boom overruled the

disadvantages.

Advantages

Disadvantages.

- Economy increased

US was isolated

-US became the richest country in the world

Migration caused population problems

-Unemployment decreased

Already existent wage problems increased

-Majority of the population was benefited

Moral discipline of the society decreased due to Sex and cinema.

Conclusion: Last but not least, it would be worth while to say that

the boom in US all started from the Impact of the first World War and

improved itself with the help of different factors like new

technology, Mass production, mass marketing and at last mass

consuming!