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Describe the main aspects of the economic boom in the 1920s.

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Introduction

Assignment 1: Objective 2 Question 3: Describe the main aspects of the economic boom in the 1920s. To what extent did the American economy boom in the 1920s? In what ways did the American economy boom? Why was there an economic boom in the 1920s? To answer these questions about the economic boom we need to look at the examples, factors and side-effects of the American economic boom itself. Firstly, when we look at the motor car industry, the increase in production of motor cars meant the number of people owning cars increased thus more roads and infrastructure had to be built. Besides road construction, other constructions such as high rise buildings, skyscrapers, the empire state building was built in the boom because peoples' demands for tall buildings for office use, banks, insurance and advertising companies grew rapidly. ...read more.

Middle

Before the 1920s electricity was very rare however through technological advances electrical goods such as vacuum cleaners, washing machines, light bulbs, radios and much more goods were introduced into peoples' lives. This was done through advertising. The mass marketing led to an increase in domestic demand thus the demand pushed the producers to supply more. Other examples of the American economic boom in the 1920s is just the sheer number of millionaires. In 1914, there were 7000 millionaires but over a period of 14 years, in 1938 the number increased to 35,000. Another factor, which caused the economic boom may be the impact of the first world war. America had supplied Europe with many goods during the war and had taken over European overseas markets. The chemical industry illustrates this very clearly. ...read more.

Conclusion

The 1920s is known as the 'Jazz age' because black peoples' music had dominated all music at this time and people were going to dance halls, stage musicals and popular music concerts. Cinemas and spectator sports became more common in one's life and Hollywood became the capital of the world for film-making. These leisure industries were widely spread through advertising with posters, the press, magazines and the radio. Moreover others criticised this period for it was a corrupting influence linked to sexual excess. The economic growth of the American Industry was accelerating in the 1920s nevertheless, I must mention that not everyone benefited from the American economic boom. Farmers, black people, immigrants and people who worked in old industries came out worse rather than benefit from the boom. Nonetheless, the overall impact of the American economic boom in the 1920s was a factor that introduced American people into a whole new world of a developing nation. ...read more.

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