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How far did the American economy boom in the 1920s?

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Introduction

How far did the American economy 'boom' in the 1920's? In the 1920's America's economy went though a boom. A boom is when a countries economy is rising because of commodities within e.g. house prices, exports, house old items, construction, transport, entertainment, and advertising. This boom makes people feel finically confident. In this essay I will point out good and bad things about the boom and see if it really was a boom or not, who it affected and who it didn't. An example of the 'boom' is shopping in America, with so much money around, large chain stores opened, such as blooming dales. New York City stocked new ranges off goods. Manufactures had new fabrics; new styles and now had more sizes than ever before. Women's clothing was massed produced; clothing sales went up 427 percent. ...read more.

Middle

Another boom that went on was in the construction industry. In the 1920's construction was the busiest it had ever been. Industrial growth created demand for new factories all over America. As it was rapidly growing the number of banks, insurance and advertising companies, show rooms for cars, as there was more transport, and new electrical products' had a big boom. It was the age of the skyscraper. Confident America soared. Large companies wanted to show of power by building there work offices and building bigger and bigger, it became a competition to show wealth, and a great growth in wealth helped build schools, hospitals and other public building to be used. And in 1929 the Empire State building started to be built. There was also a growth in advertising in this time. As advertising companies grew largely they were advertising new products and had made up catch phrases to go with them, they were being bigger and bolder with brighter colours. ...read more.

Conclusion

Farmers suffered hugely. More than 3 million farmers were earning less than $2000 a year. Farmers were extremely poor at this time. Farmers had new machinery as well; an example of this could be a combine harvester which made people loses work as they weren't harvesting it by hand. Also the black Americans didn't benefit, discrimination was hugh, and if people needed to lose jobs they would be the first to go. 60% of black women in Milwaukee were servants. New immigrants did not benefit as were in low paid jobs, and it became harder to enter America. The old industries were not growing an example was cold; wages were not increasing fast enough. Therefore I think overall there was a boom in the 19 20s in America. It was not all over the country's as some suffered still, but the bigger picture there was. But where there is a boom there has to be a downfall. Holly Freeland ...read more.

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