Using the four passages and your own knowledge, assess the view that the impact of the First World War was the main reason for the booming economy in the USA in the 1920’s

1661 Words Jun 26th, 2014 7 Pages
Using the four passages and your own knowledge, assess the view that the impact of the First World War was the main reason for the booming economy in the USA in the 1920’s (40 Marks)

I believe that the First World War did not have as much of a significant impact on the American economy as mass production, infact i however see that instead of benefiting the economy the War in fact had the reverse effect to that of which interpretation A and C suggest that the war was the most important factor of the 1920’s American economic boom.

Firstly, the biggest reason as to why mass production was the main reason for the economic boom was that the American GNP soaring from $72.4 billion in 1919 to $104 billion 1929 only 15 years after mass
…show more content…
Mass production also effected domestic consumption of electricity. The increase of electricity usage further developed the economy of America. Interpretation B mentions the increase of power usage: ‘in 1912 only 16% of the population lived in electricity lit dwellings, the proportion had grown to 63% by 1927’ it also states ‘electrical household appliances came into general use. This can be used to criticize Interpretation C as it quotes ‘If every American could own a car and a house, buy quality clothes, own stock, take vacations and go to the movies then clearly there was no longer any significant inequality in society’ This quote is inaccurate as many across America did not see the benefits of the boom as interpretation C suggested. Much of the wealth was split between the North of America and the south. The north saw boomed while in the South the more agricultural based economy began to suffer, farmers where particularly affected by the boom new technologies and farming equipment left American farmers with a huge surplus…

More about Using the four passages and your own knowledge, assess the view that the impact of the First World War was the main reason for the booming economy in the USA in the 1920’s