The Business Of Americ The President Of The 1920 ' S

The 1920s was nicknamed the “Roaring Twenties” because every action had a voice. Every event or amendment was supported by some type of individual or group. Certain individuals made opportunity for American citizens, such as Henry Ford. Because of business leaders like him, Americans once confined to their city of work, can now live miles away. This era was full of trial and error. Trial and error can be supported by the fact that a new amendment repealed a past amendment. America was shaped politically by Congress, stereotypes, and mass production. The 1920s wouldn’t be the same without the leading automobile industry, “New Women”, and the Eighteenth Amendment.

The 1920’s are commonly referred to as the Roaring Twenties. Many factors during the time played significant roles in earning the decade this name. Economic conditions and developments in the arts and entertainment were some of the most impacting among these factors. Economic conditions and developments in the arts and entertainment helped create the reputation of the 1920’s as the Roaring Twenties. Economic conditions gave people a feeling of economic prosperity. They also allowed people to buy a lot of things on credit. Developments in the arts and entertainment created a culture of free expression by granting women the ability to express their opinions more clearly than they were able to in years prior and encouraging jazz and dancing.

After the Civil war, large businesses ruled America. Prior to the industrial revolution, the government upheld a hands-off approach towards business. Under the laissez-faire principle, free, unregulated markets led to competition, yet this system suffered under the wrath of growing corporations. The impact of big business on the economy and politics was immense during 1870 to 1899. Corporations were growing significantly in number and size, which had a domineering affect on American economy and defined American life.

The 1920s was known for its prosperous and flamboyant lifestyle. The GDP during that time had risen by 30 percent and unemployment was as at an all-time low of 3 percent. This was not meant to last forever. In fact, it was nearly impossible for this to last any longer than it did due to an imbalance that society was unaware of including that not every citizen was experiencing this uncommon wealth. There were still 3 percent unemployed and even some of the employed members of society did not make enough to support a family and were considered homeless. It was in October of 1929 when this so-called luxurious lifestyle vanished as the stock market crashed at a time when the stock market seemed it would never stop increasing. This caused an economic, downhill, rolling ball effect. Those who took out loans to invest in stocks could not afford to repay the banks causing the banks to fail and close down. When the banks closed down, the depositors of that bank lost their life savings causing them to go broke and some company owners to close their doors. This led to a loss of jobs by the employers of those companies. This time period was known as the Great Depression and rightfully so. It is the most significant setback in the American Economy to date. The Herbert Hoover administration was in effect at this time giving the society an easy target to blame. Come time for the next election in 1932, Americans were ready for a change in authority to bring them out of this seemingly black

Following World War I, Americans were left with scarce amounts of job openings and a poor economy. Several were left fearing the communists, who the Americans believed were going to overthrow the government. This caused Americans to resent those who were not accepting to return to the “traditional” American values. With the 1920’s, there came both a rise in conservatism and liberalism, but only one was revolutionary, described by Merriam-Webster.com as,”Constituting or bringing about a major or fundamental change.” Furthermore, different presidents advocated for different political stances. Republican Presidents, Warren Harding and Calvin Coolidge, advocated America to have a conservative government and return to normalcy, while Republican

America in the 1920’s was called the new era. It is called a new era because it became a turning point in American society, and marked a separation from the 19th century and the 20th century. We soon begin to develop our own social norms, music, and culture as we evolve into a modern nation. The 1920s was also a time of significant economic, political, and social change.

Theodore Roosevelt may be one of the most powerful presidents that attacked Trusts1 and corporations to make them just so that everyone could prosper. Thayer, a friend of Roosevelt wrote, ". . .he took the deepest personal satisfaction in fighting the rich and the soulless corporations. . ." (Thayer). This led into the 1920's a prosperous decade in which people received "new money." Theodore Roosevelt stressed more for people to be responsible than to be autonomous, or, in other words, to help others besides helping yourself. He was able to bring two separate groups together to make a better America. He brought the Trusts that wanted the government to stay away and then the other side

The 1920s was a time of prosperity and new ideas that challenged the social norm and began the movement into modernism that we know of today. The economy was still coming off of the First World War and tax policies were creating an economic boom with the increase of discretionary income. The United States was in a scary position on what to do after coming home from such a brutal war that was going to end all wars. The young generation brought out the best in people and challenged the intellect of many bright minds that had the solid traditionalist views with the new fast paced modernistic thoughts. The 1920s were a time of growth and led the United States and the modern views came quick and made a lasting impact.

During the Industrial Revolution everyone had to adapt to the massive work load that was created. Back then demands for products was so high, the only thought and concern the Business Man had was how he was going to keep the currency rolling in. They used Humans as machines, without care and regards to their health and well being. Once they were faced with consequence for their disregard for life, laws were put into place to protect the workers. This in turned probably caused them more money and slower production in obeying the law.

One of the themes in Thomas McCraw’s book American Business Since 1920: How It Worked is mastering centralized control through decentralized management. As the business world rapidly expanded competition for market share between the larger companies increased. More task management was necessary in order to delegate within the businesses as they expanded. The market was also changing and as an answer to that some companies implemented a revised version of traditional management; decentralized management (McCraw, 2009).

The 1920s was a huge time period for the United States. Modern technology such as automobiles, radios, and advertisement had taken America by storm. Rural areas were on the decline. American cities had attracted not only rural and urban citizens, but also people from all over the world. In America during the 1920s, citizens struggled with accepting other races and ethnicities into their widely populated country.

In his book, American Business since 1920: How it worked, Thomas McCraw discusses one of the most important themes of business: the importance the ability to change and improve is to stay alive in business. (McCraw, 2009). This theme is still seen today, especially in markets such as the oil industry where new technologies and techniques are always emerging (Gold, 2015).

As much as the masses champion small businesses and denigrate big ones, large organizations are essential to a modern economy. For all their missteps, businesses with thousands of employees enjoy economies of scale that let them fulfill crucial economic functions. Replacing FedEx or UPS with a plethora of tiny businesses, for example, would undoubtedly hurt America’s logistics networks. Replacing the Big Three automakers with smaller ones would likewise cause cars to become unaffordable to most. To be clear, small businesses play a vital

Sit down and take a look around. We are surrounded by hundreds of different businesses whether they’re locally owned or franchised all around the world. According to the United States Small Business Administration, approximately twenty-seven million small businesses operate successfully in the United States (PDF). A small business is usually defined as one not predominant in its area of operation. The SBA determines the size standards for different industries. More than 600,000 businesses are started each year in the United States and likely millions of others with the same aspirations ("Starting a Business: The Idea Phase."). However, many lack the knowledge on the first steps to take. Some might even ask themselves if they have the traits to be successful. To answer this

Small businesses in the United States are significant drivers of economic growth, job creation, wealth, and the embodiment of the “American Dream” (Chow & Dunkelberg, 2011; Valadez, 2012). In 2013, The Small Business Administration estimated there were “28.8 million small businesses that accounted for 99.7 percent of U.S. employer firms, 33.6% of known export value ($471 billion out of $930 billion), 33.6% of known export value ($471 billion out of $930 billion), 48.0% of private-sector employees (57 million out of 118 million employees), and 41.2% of private-sector payroll” (The U.S. Small Business Administration, 2016). These staggering numbers show the