History Year 10 Coursework
Describe the main features of the economic boom in the 1920's?
During the 1920's the U.S.A. experienced an economic boom. This was caused by the world's newly found technology and production methods. Probably the biggest and most important of these new products was the T-Ford made by Henry Ford. He came up with the new method of manufacturing called 'THE MOVING ASSEMBLY LINE'. Now an unskilled worker would do the same job over and over again with the materials being brought to them on moving belts. Instead of the person moving to the materials with skilled workers having to put a whole car together on their own. Ford could now produce 9000 cars per day one being produced every twenty seconds. Ford produced business for other industries like the steel, rubber, glass and oil. The steel, rubber and glass were needed in the production of the car itself. This had major effects on the companies, which harvested the raw materials, manufacturing them and even down to the people who delivered them. Another business that was affected was road builders. Before now the road system wasn't that good because there was no need for it. But after a lot of money was spent on building new roads and repairing and improving old ones. The oil was used in the engines of the cars but even more importantly in the making of petrol. With this America now produced 32 percent of the total world products in 1913. This was more than Britain and Germany put together. In 1929 this increased to 46 percent. This was due to America having so much raw materials. Because of this new mass production prices fell form $760 in 1908 to $260. This made the car available to a lot more increasing sales and so profits.
Describe the main features of the economic boom in the 1920's?
During the 1920's the U.S.A. experienced an economic boom. This was caused by the world's newly found technology and production methods. Probably the biggest and most important of these new products was the T-Ford made by Henry Ford. He came up with the new method of manufacturing called 'THE MOVING ASSEMBLY LINE'. Now an unskilled worker would do the same job over and over again with the materials being brought to them on moving belts. Instead of the person moving to the materials with skilled workers having to put a whole car together on their own. Ford could now produce 9000 cars per day one being produced every twenty seconds. Ford produced business for other industries like the steel, rubber, glass and oil. The steel, rubber and glass were needed in the production of the car itself. This had major effects on the companies, which harvested the raw materials, manufacturing them and even down to the people who delivered them. Another business that was affected was road builders. Before now the road system wasn't that good because there was no need for it. But after a lot of money was spent on building new roads and repairing and improving old ones. The oil was used in the engines of the cars but even more importantly in the making of petrol. With this America now produced 32 percent of the total world products in 1913. This was more than Britain and Germany put together. In 1929 this increased to 46 percent. This was due to America having so much raw materials. Because of this new mass production prices fell form $760 in 1908 to $260. This made the car available to a lot more increasing sales and so profits.
