The Economic Boom of the 1920's Essay

A boom is a time when financial prosperity,stock growth and rapid progress. There was also rapid industrial growth and many new advances in technology. The booming markets was also referred to as the roaring twenties. America experienced a massive economic boom,this caused an increased for demand for American goods. Due to the booming markets an average person's pay rate had increased up to 22%. The boom led to “businesses and corporations” (Economic Boom 1920s). Henry Ford was also very popular during this time because of his invention of cars. He had a system of mass production that he used this techniques helped build cars quickly and cheaply this helped everyone in the 1920s because everyone was able to afford to buy cars. The reason they were able to was because someone had came up with an idea that you could put small deposits on things and then later pay it off this helped with ordinary people being able to pay for expensive things out of their

One of the funniest although interesting inventions I stumbled upon was, sliced bread! Bread was probably made about 12,000 years ago, by mixing grains and water. It was probably tough and was cooked by putting hot coals on it. It wasn’t until about 1912 that Fredrick Rohwedder had the idea to create a bred slicer. All the bakers he talked to complained that the loves would go stale. So Rohwedder created a wrapper. He went to a Bakery in Battle Creek Michigan; they loved his idea and started making pre-cut loves. (CBC4Kids: Sliced

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.

The 1920's saw a great technological advance. Mechanical power almost completely replaced manpower in the work force and output per man-hour almost doubled between 1910-1929.

The Roaring Twenties brought many cultural changes to the United States and Europe, which have had many lasting effects. The roles of women changed tremendously and alcohol became banned, but people found many loopholes, also many new inventions and ways of life came about.

No industries boom more than automobile manufacturing. Henry Ford helped to make the boom possible by making the automobile affordable to the Americans. Transportation was the main basis of economic growth. Construction industry stimulated other business like steel, lumber, concrete and insurance. It changed the nations eating habits. The employment rate was higher and living standard of the people increased. Lower Production costs increased sales and consumers spend more to purchase goods.

Other related factors to the sale boom was. Parents found out how hard to deny their children a television, as more families and neighbor acquired sets. The baby boom was another reason that contributed to the sale boom, it was shorter of baby sitter due to the population explosion, parents were unable to find baby sitters, parents have no choice that stay home. Then a lot of parent’s start buying television set to entertain themselves and the children.

The development of the new industry bloomed due to manufacturing of automobiles creating more jobs for Americans. It became the greatest social and economical impact that created the assembly line making it easier to gain more mass production. More industries took part of the movement that it impacted the airplanes too, making it more affordable to travel. Soon almost every American was purchasing and driving making traveling easier for families to get closer. Not only was the new developed automobile industry blooming but also the stock market. It was so easy for anyone to get a loan and use their credit. The bank had to raise up the prices it only became a get-rich-fast scheme for everyone that it became the talk of the country.

Before the great depression occurred, the 1920’s was known as the roaring twenties. The economy was at an all-time high, there was mass production on cars, the invention of new technology. People could put items on credit appliances on credit, buy and wear fashionable ready-made clothing. The use appliances became popular, such vacuum cleaners, radio broadcasts. Also, the eating habits of most American household changed, there was new introduction to processed food, people no longer made food from scratch. The steps to making food became simple as just popping food in the microwave and just like that breakfast, lunch and dinner was served.

It made it easier to travel and spend which they were happy to spend it on something they will need. The automobile industry was booming especially in Detroit where General Motors was located. Another company that was expanding was the construction industry, they built highways, suburbs, houses, schools, churches, and many more. The houses were also affordable, and they built more houses faster due to William Levitt, where he got the idea to mass produce houses that look similar and built about twenty houses all at once. With this it gave more of an incentive to be like their neighbors, if a one bought a TV eventually all would, if one got a new grill, car, refrigerator, or a product that just hit the market, everyone would eventually have one. People wanted to be like one another so when new products arrived they were eager to buy. Conformity played a huge role in their society which led to mostly everyone having what everyone else had. They also wanted to be like those in the shows where they are a perfectly happy family. People were happy that they could buy the new products and could buy them faster with the rate of

The Economic Boom America prospered in many was in the 1920s. Many inventions were made in those years and companies grew. There was a boom in industrial strength those years. During those years we were in WW1 and many things were happening in America. This is when America grew.

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

However, the more income coming in meant the more money people were spending. Since everyone was buying on credit, it allowed people to overspend and go over their budgets. It was highly encouraged during this time period to spend money on new products being made to up social class. For example, the stock market. They raised prices on stock

The 1920’s was a decade that was different from all the others. People and companies moved away from large cities to smaller towns because of the automobile. The economy was booming and American’s bought things like crazy. There was an increase in productivity because of electricity and things like cars, radios, phones, and washing machines were introduced. Movies became the most popular pastime during this decade. Prohibition did not work in this decade and crime went unnoticed. This decade showed a mass amount of political and social change which caused it to be much different than any other.

The 1920’s right after WW1 was the age of new technologies with soldiers wanting to come home to a more prosperous life and that could be fulfilled with all of the new technology. The automobile is one of the biggest achievements in technology although they had already been made in Germany but when companies like Ford came to America. It revolutionized transport because not just rich people could afford a car but lower class people could too. Another amazing advance in technology was the radio because more people could hear the same things and be aware of what's going on. They were not just for news they also had entertainment with sports and stories that provided just as much excitement to them as to us with television.