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

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Kirandeep Dhillon Describe the main aspects of the economic boom in the 1920s. The economic boom occurred in the 1920s in the US and caused huge industrialisation across the country. The First World War had just ended and this caused celebration amongst the general population, furthermore, WWI had given the US economy a flying start in industry with the amount of trading they did with many other countries. The economic boom changed society and made it more prosperous and wealthy and led to the values and views of women changing. The society had become more liberal than before the war and many sexual morals changed from the introduction of sex symbols in Hollywood and the rise of the ‘Jazz age’.         One of the main aspects of the economic boom was the rise of new industries and employment levels. As new industries emerged for example cars and more people wanted to buy them as they had more money to spend. Thus industries started to mass produce products to serve the high demands, and due to this more jobs were opened up which meant that unemployment levels
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dropped from 11.9% in 1921 to 3.9% 1929. Furthermore, as more people began to drive cars, more roads were paved which led to further jobs on construction opening up and this meant more people had money to spend. This was a cycle of prosperity. Additionally, people spent money on new technologies such as the ‘Hoover’, cookers and radios as 70% of towns and cities in 1929 had lighting and electricity in homes. Skyscrapers were built which implied the great wealth and prosperity of the nation at that time. Consequently, with this huge industrialisation due to the wealth of the boom ...

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