Depth study USA.

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DEPTH STUDY USA

        The first factor behind the boom in the 1920´s was aboutn the strengh in the industry. The Usa was a vast country, rich i natural resources, with a growing population. The home market was large and was gorwing. By the time of the WW1 Amercia led the world in most areas of industry. American angriculture had also become the most efficient and producitve un the world, farmers were producing more than what they could sell. But American economy was growing fast.

        The second factor behind the boom was the WW1. USA did´n join the war since the beggining. The lent money to the Allies and sold arms and munitions to France and Britain. The sold massive ammounts of foodsfutffs as well. Usa aslo become to come one of the world´s most successful chemical industries. Historians have called the growth and change at this time American´s second industrial revolutio. The war actually helped than hindered the “revolution”, because during it USA had send munitions and arms.

        The third factor behind the boom was the polivy of the Republican Party.  From 1920 to 1932 the US presidents were Republican, and Republicans also dominated Congress. Republicans believed that the government should interfere as little as possible in the everyday lives of the people. This attitude is called “laissez-faire!. In their view the job of the president was to leave the businessman alone, to do his job. That was where prosperity came from.

        America was able to exploit its vast resources of raw materials to produce steel, chemicals, glass and machinery. These products became the foundation of an enormous boom in consumer goods. The big industries used sophisticated sales and marketing techniques to get people to buy their goods.

The most important of the new booming industries was the motor-car industry. The motor car only developed in the 1890’s, and cars were very expensive. But car production was revolutionised by Henry Ford. By the end of the 1920’s it was the America’s biggest industry.

Agriculture did not share the boom. Farm income dropped from $22 billion in 1919 to just $13 billion in 1928.

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The most obvious reason why farming had such problems was the loss of the European market. Europe wasn’t able to able to afford American produce.

There was also overproduction, farmers had become so successful that they were producing more than they could sell. Because of this, as many farmers loss their jobs on the farms, three quarters of a million of them joined the ranks of the unemployed. The majority of farming families remained very poor through the 1920’s. this is why agriculture didn’t share in the prosperity.

But farmers were not the only group in the American society ...

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