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Did People In the Usa Become More Prosperous In the 1920s?

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Introduction

1st october 2001 DID PEOPLE IN THE USA BECOME MORE PROSPEROUS IN THE 1920s? James Andrade After the War, America decided to adopt a policy of isolationism and hedonism also putting tariffs on foreign goods, so the people of America bought from America. As the USA entered the 1920s, businesses were beginning to boom and thrive. The endless resources of America provided many ways of getting rich and further the boom. The prosperity of people of in the USA in the 1920s is a very complex issue. You can define prosperity in many different ways I will explain how many prospered but many did not prosper and I will study the division of wealth and how that often there was a thin veil of prosperity with poverty lurking underneath. For many Americans, the 1920s was a new exciting door opened up to them, a time often called "The Roaring Twenties". Social industries boomed, giant skyscrapers were built and technology became available in a way that changed peoples lives. "The Jazz Age" was a new way to the American people. The music was different and had more modernity to it. However, it was not only music that changed - fashions also changed. There were "flappers", the young fashionable women of the 1920s. They shocked the older generation in many ways. "Flappers" were a sign of the times when many were becoming more prosperous, with much more money to spend. ...read more.

Middle

The car industry was not only in itself prosperous, it caused a chain reaction of prosperity throughout America, giving people money in their pockets and a prosperous life. With the added income, people also spent more providing more boom for industries, especially technological. Average pay of industrial workers doubled and much money was spent on consumer goods. Cars were not the only things you could buy. There was much new technology which people wanted. Much of it helped with house-keeping. Goods which we take for granted today were very unusual then. In 1920, Americas first radio station, Station KDKA went on the air. Within a year, radio became a craze and by 1929, 10 million homes had radio sets. Over 900,000 bought refrigerators, sales of vacuum cleaners, irons, ovens and telephone rocketed. The more people purchased these goods, the more jobs were created. Although from much evidence you can see America as a prosperous and vibrant society, there was as Hoover said, " a terrible poverty in the midst of plenty." These people who were experiencing poverty were mostly country dwelling people who were mainly farmers. They could produce much food with all the new machinery but a problem began to emerge. They could not sell their food because farmers were producing food so effectively - there was a surplus. This caused food prices to drop. ...read more.

Conclusion

Technology developed and got cheaper. The prosperity caused a knock on effect with people earning more, they spent more meaning growth everywhere, which in turn produced jobs, which in turn provided money and so on National pride hit America. America became Hedonistic and carefree about issues in the rest of the world like poverty and the League of nations which was trying to stop poverty but without America it was less powerful. Socially America developed, with wealth people could afford new ways of fun and movies influenced the public greatly. In 1929 the good times quickly came to an end, amazingly as worry struck people sold their shares and share prices collapsed. It was called the "Wall street crash" named after the stock exchange street. It happened right at the end of the era of prosperity in October 1929. The age of boom and prosperity therefore came to a sudden end, it showed how much people relied on shares for income. Thousands of banks closed because people wanted their money but because the banks had leant so much away they had none to give and people realised in horror that their life savings were gone. No longer could American people look forward to prosperity but only hardship to follow, the mood and pride of happiness and prosperity was no more and soon people could not even afford to eat ...read more.

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