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US Prosperity During the 1920's 1) What was Hoover's view of the advantages of mass production?

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Introduction

US Prosperity During the 1920's 1) What was Hoover's view of the advantages of mass production? Hoover's view was that the people of America always knew that there were advantages being able to produce things on a large scale. They knew that mass production would lead to cheaper goods and more money overall for everyone. Hoover had a positive view about mass production and talks about it through the American people. For example he does not express his own opinion but he tells you of the advantages by making the American people out to be intelligent and aware of the economy and how it works, 'I think our people have long realized the advantages of large business operations' 2) In source 2, what distinctions are drawn between the standard of living in the USA and elsewhere, especially Europe? The source says that the lifestyle that the majority of the Americans' led would have only been enjoyed by the upper classes in other places in the world. ...read more.

Middle

How prosperous were the prosperous 1920's? During the 1920's the American industry had expanded during WW1 because they found themselves making arms and uniforms as Britain was occupied buy the war. By the end of the war the USA had actually benefited from the war economically. The USA was owed large sums of money which were loaned to the allies all of which had interest. This allowed investors to re invest in America. Also since America had huge resources of raw goods and materials a high tarrif was placed on foreign exports which meant that more American goods were bought since they were cheaper. One of the greatest prosperities of the 1920's was in consumer goods. People were encouraged to buy more through persuasive advertising. People could also now afford more luxuries which they couldn't during the war since they earned higher wages and due to the boom. Also there was a hire purchase scheme which allowed people to but things that they usually would not be able to afford. ...read more.

Conclusion

Also despite profits rising by 800%, the workers wages only rose by 8%. Many immigrants found that they suffered discrimination. The black Americans suffered racism. They had a poorer quality of life as there was apartheid and segregation from whites. Due to the Jim Crow law, they also found that they could not vote. Many blacks were exploited by the white landowners. Despite an increase in the economy, 60% of families were still below the poverty line. They suffered low wages and did not benefit from consumer goods. The Boom was also based in the city so the people in the rural areas did not benefit. At least half of the Americans did not benefit from the economic boom. Overall the 1920's were prosperous but only if you were in the city and worked in the right places. I think that the rich benefited more. During this time, the divide between the rich and poor grew. Statistically the US was prosperous, but if you start to look at the people as individuals you find that many of the problems were just averaged out. ?? ?? ?? ?? Emma Cockbill ...read more.

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