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"Without Henry Ford the American Economy would not of Boomed in the 1920s" How far do you agree with this Statement?

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Introduction

"Without Henry Ford the American Economy would not of Boomed in the 1920s" How far do you agree with this Statement? In the 1920s the American economy boomed. This was caused by a series of booming industries. Henry Ford and his production line was certainly a catalyst in the rapid economic growth, however there are a few other factors we need to consider. Henry Ford started to build his famous Model T in 1909. At first production was slow and expensive as a group of blacksmiths and skilled craftsmen had to build the whole car themselves which usually took a few months. This was completely changed when Henry Ford set up the first ever moving production line in a giant shed in 1913. ...read more.

Middle

This made him very important. The First World War also had an impact on the American economy. America only joined the First World War in 1917 and so suffered relatively little. However the American economy gained. It got a great short term boom from selling weapons foodstuffs and machinery to Britain and France. In addition to this they also lent vast amounts of money which generated lots of interest. The USA also took advantage of the war by stealing markets in Asia and South America from Britain and Germany. The war also created lots of new industries like advertising which came from propaganda. In the 1920s America had three republican presidents, Harding, Coolidge and Hoover. ...read more.

Conclusion

It didn't need to import many raw materials and didn't need to export all its goods. The home market was large and was growing. It had massive steel, coal and textile industries. It was the leading oil producer. It was foremost in developing new technology such as motor cars and telephones and its new industries like chemicals were growing fast. This huge industrial strength greatly increased the boom and is one of the most important factors. The given question states that "without Henry Ford the American Economy would not have boomed". Although Henry Ford contributed greatly to the boom the power of America's industrial strength, The impact of the First World War the change in attitudes and the governments republican policies would probably still have caused the American economy to boom. Tom Osborne 11.1 ...read more.

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