Big Business In The 1920s Essay

Rarely has the world seen such a unique decade in time as the Roaring Twenties. It was an age of prosperity and change. The United States experienced a recession that was followed by a period of unlimited prosperity. Although the United States encountered both positive and negative experiences, it proved to be very influential in the future. The 1920's were definitely "Roaring" in more ways than one. There were major changes in American Society during the 1920's that took place. Many new industries emerged during this decade that influenced society and the American way of life. Even the federal government had different feelings about the business industry. The characteristics of this decade made the 1920's

The automobile industry put American citizens into action. Mass production was a big component in the success of automobiles. Although successful, it became very repetitive. Skilled workers who were once worshipped, were no longer needed. Henry Ford was described as racist, bitter, but he brought success to citizens in the 1920s. Ford started the Ford Motor Company in 1903 with the help of a limited amount of workers in a shed. It was not until 1914 where custom-made cars turned into many cars, such as the Model T, moving down an assembly line. The Model T was a very popular car that benefitted cheap labor and easy mobility for its owners. Ford became a billionaire from the help of the federal government’s actions. At this point, the government decided that funds should be spent more on roads. Automobiles introduced

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.

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

F. Scott Fitzgerald once stated,“The parties were bigger, the pace was faster, the shows were broader, the buildings were higher, the morals were looser, and the liquor was cheaper” (“30 Famous The Great Gatsby Quotes”). The time after the war known as the Roaring Twenties harbored change for not only the economy but for the people also. Credit materialized, becoming available for citizens to use on new products such as the vacuum cleaner and the washing machine which allotted more time for the people to have to themselves. The 1920s, a time of celebration and prosperity, eventually ended as a result of a sudden economic crash, because of the effects from the times.

The 1920s were a time of advancement and prosperity in America. The end of the first world war caused America’s economy to boom resulting in a large increase in industrial output and credit. In addition to this, the invention of the assembly line made the automobile much easier to produce making it possible for most middle class families in the United States to be able to afford one which changed the concept of transportation. Modern advertising caused Americans to desire stuff that they didn’t necessarily need. Working conditions at this time were still poor but there were major improvements from the way it was at the beginning of the century. Due to welfare capitalism workers were much less inclined to strike which also helped the booming

The 1920’s, much like the 1950’s are dominated economically by the business community. It was a time of tremendous prosperity, went from war time production to peacetime production. The making of the automobile, appliances. Consumerism came to its own throughout the

The Roaring Twenties were a time of wild enjoyment, loud music and booming economy. In 1920, for the first time in American history, more

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.

Which time period turned out as thriving as the 1920s? The Roaring Twenties was a time of great opulence and new innovations. Consumer goods, modern technology, American industries, businesses, food sources, and job statistics soared while populations expanded. New inventions made affluent lifestyles evolve while economic expansion brought many more events throughout the 1920s making it an inventive one.

In the 1920’s the American Stock Market was booming and rising rapidly. Citizens would be buying stock (shares of a company) like crazy due to a new process called stock margining which is almost like lending money for stocks. But, all people had to do was just put a little money into a stock and all the sudden they would end up rich very quickly. This confused the banks because they had to borrow money from other people’s accounts to pay others and it got out of hand very very fast. But, the stock market kept on rising since people were making a lot of money and deciding to buy more stock, which confused the banks even more. In 1929, the stock market crashed due to the banks running out of money and no one was buying any stock. This caused many people employed to loose their jobs since the company the employees worked for were not earning money. Since many families were not earning money and unemployment was a huge issue at this time, people who did not have shelter made inexpensive groups of shanties in city areas, called Hoovervilles. Hoovervilles were little towns made of shanties of inexpensive and easy to find material such as cardboard and newspaper. In Hoovervilles there was not much sanitation and they used whatever materials they came across for some purpose (newspaper-blankets). In larger Hoovervilles such as in St. Louis, Missouri, they even had declared their own mayor for that Hooverville. In a way they wanted to get away from the way that the US was being

The 1920s in America was a period of prosperity. Economic expansion, urbanization, and the diversification of citizens from all over the world all contributed to the unprecedented changes in American society. Over ten years, the economy expanded, and mass production was enabled by the effectiveness of factory assembly lines. John Calvin Coolidge Jr, the president at that time, said that: “the business of America is business.” During his presidency, the government supported a type of economy called the laissez-faire economy, which is the idea of a free market, in which the government will not intervene in the economy. For people who lived in such a prosperous age, no one anticipated the impending economic crisis at the end of the 1920s. In August 1929, at the beginning go the economic session, it was a two month of GPA declining, then in October 1929, the major “attack" came when Wall Street crashed. After Herbert Hoover, who was a promising newly elected president who saw his career being destroyed by his failure to subsidize the depression, his successor, Franklin D. Roosevelt, was elected, and he was able to effectively respond to the Great Depression by introducing the New Deal, which was a series of programs designed to combat the Great Depression by providing jobs to people to stimulate the economy.

During the 1920s the only people that owned cars were the rich, Henry Ford was not a very big fan of this so he decided to do something about it. Mr.Ford started a car manufacturing company,

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.

The roaring twenties was a time filled with hope and change. President Warren G. Harding promised a “return to normalcy”, which reflected his own conservative values and the voters’ wants for stability and order. Americans felt that they had been through more than enough, and desired prosperity. During the years 1919 and 1920 the Eighteenth and Nineteenth Amendments were passed; the outlaw of alcoholic beverages and the right for women to vote, which ones of the many reasons society was turning their backs on Progressivism. Republicans were beginning to return to their previous dominance. The 1920’s was an economic boom for America, including everything from an increase in jobs, a rise in plentiful goods, new consumer products, and the reduction of taxes. The country was filled with jazz music, dance, and what appeared to be a brighter future. The 1929 crash of stock market was the beginning of a downward spiral leading in to the Great Depression. The stock market crash is often to be confused as the cause of the Great Depression, although that is false. A few of the issues that lead to the Great Depression included; farming (which decreased in demand as farms increased through the states during World War I), banking, and mass unemployment. Capitalism took shape as what was once the individualistic Protestant work ethic was reshaped into industrial work on a grand scale. Each worker contributed to the greater good, and the workers were presided over by a boss