• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Why was there an economic boom in the 1920s ?

Extracts from this document...


Why was there an economic boom in the 1920s ? There was an economic boom in the 1920s as there were many factors playing a part and working together, causing the boom to be self generating. These factors where resources, impact of First World War, technological change, Mass- production, Mass Marketing, Credit, Confidence and the policies of the Republican Presidents. These are the many reasons there was an economic boom in the 1920s. One of the main reasons there was an economic boom was the fact that the USA had a great store of natural resources, like coal, wood, iron, minerals, oil and land, meaning that not only the USA had such a great natural resources that they could use in trade, but also it helped America to become a great industrial power and proving a sound basis for further expansion. ...read more.


Mass production was a new technique which meant things could be built faster and cheaper so the product was cheaper to buy. One of the first people to used this was Henry Ford in the assembly line, become it would cost more and take a longer time for a person to build the car, but after the assembly line it cost less to built and it took less time to build as the car would move along the assembly line and people would add bits on to the car. Mass production meant that thousand of ordinary Americans could afford the products like the car. Mass Marketing was an important things as mass produced goods needed to be sold, and unless nobody know about the good what they do, how much they cost and where to buy them the system would have collapse. ...read more.


They didn't interfere in business or put any controls on financial institution. The economic boom in the 1920s was helped by many factors like that American had a huge number of natural resources that they come out of the first world war being the world biggest supplier and taking business away from European companies, and along with the war there where technological changes which American was the first to jump on, they use and become the first companies in mass production and the assembly line, mass marketing was used to sell the goods, credit was used so people who could not bug the goods out right there and then could buy then on hire purchase, the fact Americans had the confidence to buy and invest and that the Republican Presidents had laissez faire approach to business and other issues. The economic boomed in the 1920 due to all of these but all was not good in there economic. Paul Robinson History ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level History of the USA, 1840-1968 section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level History of the USA, 1840-1968 essays

  1. To what extent was the economic boom of the 1920s caused by the development ...

    By the end of the war Britain, France and Italy owed the USA $22 billion plus interest which would clearly bring about a significant boost in the economy, thus fuelling the economic boom. America had taken over Britain and Germany in the rate of industrial production during this time which

  2. How far do you agree with this description of the prosperity of the USA ...

    The farmers were losing out due to tariffs and were being evicted and fluctuating demand in goods caused severe instability in job security. Nearly half of all Americans were too poor to talk part in the consumer goods boom. The distribution of wealth at the time is another clear indication that the wealth was more apparent than real.

  1. To what extent does a fear of Communism explain the changes in American policy ...

    They targeted mainly the immigrants from Southern Europe and Asia, therefore it can be argued that they were considered more of a threat than the Germans. Also, America further excluded itself from the rest of the world through their policy of isolation and their refusal to join the League of

  2. History essay on the boom in america in the 1920s

    oil industry as that's is what's used for petrol and the glass industry as that is needed for windows.

  1. Causes of the boom years in the 1920s

    Some organisations were able to adapt to holding companies which resulted in firms competing against each other Management science: Increased size of businesses ï complex to manage = different management roles by different people in administration Growth of business schools Management science, occupation for upper class = indication harder to

  2. To what extent do you agree with the statement that The US Economic Boom ...

    Furthermore, one would argue that without the development of the motor industry, consumerism would have been isolated to only a small sector of American society and therefore without the basis of transport, consumerism, technology and ultimately economic prosperity would have been inhibited or restricted to only a certain area.

  1. Prohibition - The Importance of January 16th 1920 to the US.

    Due to many mob leaders and gangster having a stronghold over the alcohol distribution, the only logical answer to reduce crime rate would be to outlaw the manufacture, consumptions, and distribution of alcohol to provide a liable reason for police to convict criminals.

  2. The Jazz Age - notes on the major features of the 1920s in the ...

    Hire-purchase made cars such as these very affordable. But there were major spin-offs from this one industry as 20% of all American steel went to the car industry; 80% of all rubber; 75% of all plate glass and 65% of all leather. 7 billion gallons of petrol were used each year and, of course, motels, garages, restaurants etc.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work