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

Were the Republican policies the main reason for prosperity in the 1920s?

Extracts from this document...

Introduction

Where the Republican polices the main reason for prosperity in the 1920s The 1920s was a period of prosperity for many in the USA. It could be argued that the Republicans polices were the reason for this prosperity .However ,other factors such as the effect of world war one , rise of new industries, creation of consumer culture or readily available credit were also important factors . I agree that the Republican polices of the 1920s were the main reason for prosperity in the USA. Firstly the republicans, particularly Harding, who promoted the idea laissez Faire. This police meant that the government would interfere as little as possible in the lives of the people. Overall this helped to boost prosperity because workers can put more innovation into their products as the government weren?t going to interfere and workers were able to produce more products which were more successful. Secondly, Americas idea of isolationism helped boost prosperity because; while they weren?t in world war 1 they were making money by trading with their allies . ...read more.

Middle

This boosted the economy because it brought benefits to the poorer workers but a bigger advantage to the wealth workers. This polices was made so people can spend their money on American consumer goods and the wealthy people would reinvest their money in industries. In this way all the profit came back, this is the way low taxation helped to increase prosperity. However, there are a number of other reasons why the USA became prosperous in the 1920s The First World War was an important factor in the economic boom of the 1920s in the USA. This is because they were making money by trading with the allies and other countries while the allies were in France . This made America the leading world producer and beat Germany in the chemical industry Additionally, the USA?s natural industrial strength was another important reason for prosperity in the 1920s. This has helped to increase the prosperity of America because USA had lots of natural industrial strength as they were the leading oil producers and had massive steel, coal, and textile industries which made lots of profit and helped to increase prosperity in the American economy . ...read more.

Conclusion

Some new industries that were growing were the ford cars (model TS) and silk stockings were growing companies. The assembly line helped to boost the economy by mass production because it was quick and workers didn?t have to move around. This saved time and in that time more products were made instead of wasting time. Goods became cheaper as there were an enormous amount of consumer goods being made and were made cheaper so more people could buy products and more money was made. The new industries also took advantage of clever advertising strategies which increased consumer demand as people were aware of different products, so more products were sold and this helped to increase prosperity in the American economy. Overall, I believe that the Republicans policies of the 1920s were a great importance in the prosperity of the USA in the 1920s but there were other important factors which lead to USA?S prosperity as I have mentioned. This is because I think the policies were like the bases of the other factors as they have helped to make something of those factors. ...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 USA 1919-1941 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 USA 1919-1941 essays

  1. (Q1) Describe some of the key features of Americn society in the 1920's?

    This whole system worked in a cycle. This cycle was called "the cycle of prosperity". This cycle worked like this. People made more money; this allowed them to get credit because of their secure job and money. The more money and credit they had, the more they wanted because of the adverts in radios and newspapers and

  2. The USA

    They were supposed to be honest and reliable. However the way source I presented does not demonstrate this view to people, as all the prohibition commissioners got their backs turned, and had their hands putting behind, ready to take any money from the alcohol producers and looking greedy.

  1. To what extent did America roar in the 1920s?

    In addition, not all Klansmen would have enjoyed being part of the Klan because they had to pay a membership fee to join and might only have joined for the security of being part of a big group. The Ku Klux Klan may have been an extremely high-profile and widely

  2. Did America in the 1920's "Roar" for everyone?

    As with consumer goods, such as motor cars and washing machines, it was possible to buy stocks and shares on credit. This was called buying on the margin and enabled speculators to sell off shares at a profit before paying what they owed.

  1. To what extent were the 1920s “roaring”?

    Many things changed for women for example, Henry Ford's black cars were changed to coloured cars because women wanted them. Women were also a major part of the audience for cinema and radio. However, this was still rare. Not all women benefited from the twenties. Not all women got jobs.

  2. America in the 1920s

    227 rival gangsters were 'rubbed out' in four years. On a single day, 14 February 1929, Capones men machine-gunned seven members of the Bugs Moran gang in the St Valentine Day's Massacre. Gangs were not only involved in bootlegging. They also made money out of rackets.

  1. Without the new automobile industry, the prosperity of the 1920s would scarcely have been ...

    Another industry the cars kept busy was road building. New roads were needed so that these new cars could drive around. In the 1920?s, road building was the single largest employer in the USA. In general, the automobile industry helped to keep the unemployment levels in the USA relatively low.

  2. USA Isolationism - How and Why?

    Before the 1920s, there were no numerical restrictions on immigration in America. Instead, other "qualitative" criteria set admission tests, in subjects such as literacy. This test would discriminate against the illiterate or came from a nation who had no use of English and the English alphabet.

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