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Explain the main features of the economic boom in the 1920's

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Introduction

a) Explain the main features of the economic boom in the 1920's. During the 1920's America was a changed country. It was going through a period, which was known as the 'economic boom'. The reason for this boom was that America had worlds newly found technology, which enabled them to produce lots off goods; also the Americans had found new production methods. The American boom involved a lot of things such as: increased amount of money in the economy, the vast development of technology, loan repayments, huge increase in employment and the start or expansion of businesses. One of the main features of the 'boom' was mass production. It helped boost the number of goods made. Huge factories were built in America to carry out mass production. The biggest and new product introduced to the Americans was the T-Ford made by Henry Ford. Ford was the one who came with the idea of the 'Moving Assembly Line', which is even used till this, very day. ...read more.

Middle

These new inventions were very popular towards Americans and sales increased by the day. As new products appeared on the market and as sales increased there was a 'cycle of prosperity'. As production increased there was an increase in employment. This meant more people earned money and had the more to spend on consumer goods. This then created a high demand in goods and companies were asked to manufacture more to meet demands. With the money came the fashion, people had more time and money to pamper themselves and fashion came into place. The slaves of Africa brought a whole new trend to America and one new flavour was Jazz music. This music in time became popular down the clubs and amongst people. At this time intact a new for of women appeared. 'The Flappers' they were known as. They were the modern version of the women all in short skirts, bobbed hair, with lots of make up. ...read more.

Conclusion

As the boom went on so did racial discrimination. Black farmers lost their jobs many were forced to move from the South side to the North side where work was more possible. But due to them being black they were not paid as much as the white farmers. To conclude there were several main features of the economic boom during the 1920's ranging from long term to short term. However tall these are linked together each feature had an effect on the boom. If companies like Ford hadn't taken the risk of expanding and trying out new lines (assembly lines), new technology or products wouldn't have been made. Due to taking risks other industries were booming. If companies didn't invest and expand it would have meant that more people would have been unemployed and not earning so therefore causing nobody to buy and enjoy the new products on offer. So by linking the minor features of the boom together this created the 'MAIN' features of the boom in America throughout the 1920's. ?? ?? ?? ?? ...read more.

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