• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Explain the main features of the US economic boom of the 1920s

Extracts from this document...


Explain the main features of the US economic boom of the 1920's At the start of the 1920's the US was doing well, the twenties were a time of fun and partying. Most of the American people were living a great life and were able to afford luxury items, even though this didn't apply to every one many believed that it was excellent and exciting a time of great hopes. After the war much of Europe was struggling, so therefore the US had taken over their trade. Also, after the war many immigrants moved to the US, this was the best source of cheap labour and increase the population largely. This helped contribute to the US being, 'on top!' Another reason why the US was doing so well at the start of the 1920's was because they had natural resources like oil, coal and electric. ...read more.


The US people would by new products instead of fixing them because people could now afford more luxury goods like telephones, fridges, radios, and more. In 1919, only 60,000 people had radios whereas in 1929, 10 million did, people wanted new technology, and could now afford it on credit and could also buy cloths easier but mail order. Clothing sales had gone up buy 427% in the 1920's. They became a gadget conscious nation. During the 1920's the transport and communication industry had rapidly improved as in 1919, 10 million people own a telephone and in 1929 it was 20 million. The car industry, thanks to Henry ford's mass production, had bloomed. More people wanted, and now could because of the price, a car so therefore they sales went up for being 9 million in 1919 to 26 million in 1929, this shows how much more people were using cars. ...read more.


Another way to use adverting was to have new big, modern, tall and grand buildings, to show the wealthy and prosperous companies. The government in 1920 was republican and they encouraged people to own their own businesses. They lowered they income tax from 28% to 26% and so therefore the wages increased and people had more money. 'The Fordney-McCumber Tariff' was an import tax they put on any trade out side of the and in September 1922, Fordney-McCumber tariff was signed by the president. The other countries were not happy and so therefore increased theirs. All this increased the employment from in 1921, 11.9% of Americans (5 million) to being 3.2% of Americans (1.5 million) in 1929 and the average earning had gone up by 110%. The Standard of life in the 1920's for most was amazing recorded, the 'highest ever,' as most felt confident about there success and over all successful time in US history. There life styles were healthier and better off for them! ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE History Projects section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE History Projects essays

  1. To what extent were Stalins economic policies successful?

    There was also a wage increase. Workers were paid to how skilled they were and how much they were producing but this went against Communism. Stalin also introduced the 5 Year Plans which would develop industry and run the economy through centralised state planning.

  2. Race Relations in the US since 1954

    However, Martin Luther King was becoming too influential and powerful and was beginning to change a lot of people's opinions of racist discrimination. On 4th April 1968, Martin Luther King was shot dead. Some of the black population rejected the non-violent approach to the civil rights movement and felt that violence was needed to achieve their goal.

  1. Henry FOrd

    They were clever not to get involved with the war at that stage and stole countries jobs off them, instead they kept everyone as friends and sold products to everyone, despite the fact they where opposing side. Nether the less this was a wise and tactical move because they made millions of dollars.

  2. Explain the features of the New Deal.

    This made grants of federal money to state and local governments to help give relief to the unemployed. It was considered as an emergency procedure as it was saving people from starvation before putting them back to work. This feature of the New Deal related to Roosevelt's aim of reform

  1. Following the conclusion of The Great War (WWI), and the subsequent boom era, Australia ...

    One such grazier was Fergus McMaster. He was crossing the sandy bed of Queensland's Cloncurry River when his car broke an axle. McGinness helped recover the vehicle and the two struck up a friendship. Mc Master was able to convince his business associates to invest in the initial service including

  2. Canada: The 1920's and 1930's

    It was during the thirties that Canadians began to realize that perhaps a plan for future problems would be extremely helpful- of course citizens had to suffer quite a bit before these realizations were made.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work