What Caused The Economic Boom Of The 1920s

In economic,the 1920s "boom" enriched only a fraction of the American people,and the farmers and industrial workers shared little.The boom was established on the unstable basement.Some monopolic organazations controlled the economic of country,which creating the distrIbution unequally among the citizen.Also,the distance between rich and poor was farther and farther.On the one thing,capitalist coverd higher profits than others.On another thing,most of the working people were poor

When most people think of the U.S in the 1920s they thinks of flapper girls, the up and coming sports industry, and all the new technology that was coming out. What many people don’t think of is all the ups and downs that the economy experienced. From the economical adjustments after WW1 and the worker strikes, all the way to the booming economy and eventual crash of the stock market. With that being said, I believe it is safe to say that the 1920s had it’s fair share of ups and downs. Although the 1920s had many great attributes, it is still most widely known for the disastrous stock market crash.

The GNP of the US grew 2.7% a year from 1921-1929. Near to full employment. US exports, and investments were also at all time highs at the time. The DJIA quadrupled in the period, "people and banks believed that the stocks would never crash" (Smiley).

The 1920s was a prosperous time in our nation for most. Most people had a fairly easy time making money and paying there dues. Therefore, people were left with significantly more discretionary income. This is what made the 1920s so

The 1920's was considered a prosperous time to live in because of the the ability to get money easy. This was good for the people of America, the reason the economy was really good at the time was because of all the new products coming out made in America ("Black" 1). One of the other big things in the 20's was the stock market. There were new companies giving the ability to invest in there company which made the company and the people money really fast ("Stock" 1). The last thing that ended this time of prosperity was the stock crash which eventually lead to one of Americas worst times("Black" 2).

The 1920s was a time in which society changed dramatically. During this rich decade, many exciting social and political changes took form. More citizens started moving to the cities, which was different than the farm life that they have been so accustomed to. Due to the emerging consumer age, many Americans started having extra money for leisure activities, clothes, and products for the home. People also started having extra time and money for activities.

Many people believed that the 1920’s were a great time to live in. Lots of people were making plenty of money and the economy seemed to be thriving. But that’s not really how it happened. The 1920’s actually had one of the worst economic times in the United States. There is a lot of evidence that shows that the economy wasn’t as healthy as some people believed it to be.

In the 1920s the United States was the world's most prosperous country. The 1920s in the United States was an age of dramatic social and political changes. For the first time in history, more Americans lived in the cities than on the farms. This was reliable since the video of 'The Century: America's Time has mentioned "The movement to the cities that started during World War One accelerated. In 1920s for the first time, more Americans lived in urban city, then in country towns and villages."1During the 1920s Americans were in boom times, like it has never been before. The post-war recession was obliterated as every resident went on a spending spree. Credit, and no savings, enabled consumers to boost corporate profits to a much higher levels.

The 1920s was a prosperous and extravagant time for the United States. It was full of luxury, art, and entertainment. These things along with other contributing factors, like the economy, led to this time being known as the Roaring Twenties. The economy at the time was a great one, one full of higher pay for less work, more goods for less money, and you could even just pay with credit. With all this ‘extra’ money laying around the employment rate was also able to slightly increase, causing us to have one of our lowest unemployment rates in the 1900s. Along with the employment rate, the extra money allowed people to have more time for leisure which caused quite a boom in the entertainment industry. More people were going out to watch movies,

The 1920 have been called the roaring 20’s for a good reason. Not only was culture, style and social trends roaring but the economy was also roaring. The 1920’s was filled with innovation which lead to great prosperity. New technologies such as automobiles coupled with Henry Ford’s Assembly line techniques led to a vibrant consumer culture. The development of new technologies such as electronics provided the people with new jobs and new products raising their standard of living.

The 1920s was a time of economical prosperity. The economic growth was fueled by government spending, increased productions of domestic goods, and the productions of the automobile. In the 1920s new form of payment was introduced, it was called credit. Credit meant buying a product, and paying it off little by little. This increased spending drastically. People began spending carelessly, simply because they could. This type of spending was followed by an unbelievable amount the debt. This was yet another contributing factor for the initiation of the Great Depression.

This investigation evaluates the economy in the 1920’s. The question, “What economic circumstances lead to the growth of the American economy in the 1920’s? The question came to my attention when I did extensive research on topics in which I enjoyed. The 1920’s holds a special place within me because the 1920’s is the heart of modern technology today. With all of the new inventions there should have been a very influential amount of money. I will be accessing different websites, books and charts to study where the economic boom was and how it took place. I will then analyze who was the president during the time, political leaders, industrial leaders and new technology that were created in the 1920’s. I will

After a war it is common for a economy to go into a recession, it has to pay the for the war and the supplies used in the war. That is what was expected after WWI. But instead the U.S. economy boomed. During the 1920’s or the “Roaring Twenties” music, art, theatre, and film all gained popularity. People started to watch more movies and have more free time on their hands. Women also started to wear more makeup and tried new fashions to show their new found independence. The 18th amendment was also passed in the 1920’s, which prohibited alcohol, but it was later repealed. During this period technology also advanced. The way to communicate changed as well with the “radio, that artfully blended entertainment and news into a package designed for

The economic boom of the Roaring Twenties was given to a causation of several factors. The most likely of which was the increases in disposable income that the average American had, due in no small part to unionization of the early 1900’s and later. Perhaps a direct correlation was as well the standardization of the workday to only eight hours, as this lead to more free time, and with more money and more free time, people had money to spend to amuse themselves. The other technological advance which ties very well into this is the advent of the mass assembly processes of the assembly line. This gave an unprecedented ability to cheaply produces large quantities of consumer goods quickly. This gave rise to many bored people with a large amount of disposable income, with a smorgasbord of goods/services on which to spend this money, in a pursuit of happiness or an effort to be entertained. This in turn gave rise to more manufacturing jobs/service jobs which in turn would give more money into the system. Technological inventions also shaped and changed the way Americans did things. The automobile was the largest effect on this, as it was for the automobile that brought about mass production, and in this effort, a new support industry was born, that of oil refining, rubber for the tires, glass for the windows, and steel for the bodies. All of these industries expanded along with the increase in the amount of automobiles that exploded upon the scene. Cars are no good without roads to travel on, so more roads needed to be built and with this new infrastructure, support and maintenance was needed as well, this led to more jobs that hadn’t existed before, which again, led to more money flowing into the system, money that needed to be spent. The airplane, whereas it had been around for nearly 17 years or so at that point, the technology had not been matured enough to offer any real benefit to the common man, as air travel was prohibitively expensive, not to mention dangerous. Air travel didn’t completely take off at this point, but it had its foot in the door. The same manufacturing process pioneered by Henry Ford were adopted by airplane companies, and as more airplanes became available, competition among early airlines

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.