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

What Were The Main Aspects Of The Economic Boom in the 1920’s?

Extracts from this document...


What Were The Main Aspects Of The Economic Boom in the 1920's? The main aspects of the economic boom in America during the 1920's were a huge growth in industry with mass produced goods, high levels of employment, new spin off industries, all of which had a tremendous effect on people's lifestyles and their attitudes. Also the government cut taxes meaning that people had more money to spend on products, but the government introduced tariffs on imported products so that they were more expensive than American products. There was a huge growth in mass produced goods, because many new inventions had been created to be used around the home, such as, vacuum cleaners, fridges and cars there were also many more inventions that we now take for granted. This also changed people's attitudes and lifestyles because it meant that cleaning a house wasn't such a manual task, so women could clean their houses quicker than before so they had more free time meaning for the first time in history women could have a social life away from their husbands. ...read more.


Moreover the farmers had no money to pay the black American workers so both the farmers and unskilled workers had trouble trying to support their families. Many of the farmers ended up abandoning their farms and moving to cities to try and raise money, it wasn't just the farmers that were over-producing products, many of the mass production industries were doing it as well. Due to the fact that they now how the ability to build many products quickly and easily. The owners of companies over produced because they had sold a lot of the products when they first came out, because it was the first time that people had the opportunity to own these products but every house will only want one so when the own it that is that. The companies had not thought about this so they never slowed down or stopped production of the items. There were many spin off industries created by this boom of inventions, for instance, due to the fact that cars were now widely available more people would be using the road systems, so the roads had to be made bigger and better quality. ...read more.


Many young people looked upon the boom the same way as a lot of businessmen looked at it, they thought that the prosperity and easy living was never going to end and didn't stop what was heading towards the Wall Street Crash. I think that the economic boom of the 1920s was caused due to many different reasons, but an important detail is that all three of the presidents during the 1920s were Republican, they had all decided that the business was doing so well that they should not interfere with it. The Republican party were also believers in "Rugged Individualism" which meant that the government tried to stay out of businesses way. They had also reduced taxes meaning that more people were spending and making more money meaning that there was more money being passed around in circulation. There were still exceptions to the economic boom and prosperity though, because farmers and black American workers were still living in poverty, they had never gained anything from the economic boom of the 1920s. Moreover they had only experienced bad sides of the boom, for instance the over production over wheat and unemployment. By Jamie Sams ...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. USA Boom

    This was the idea that you could arrive in America penniless and become a millionaire, if you worked hard enough. They provided cheap labour for many businessmen and factory owners. Many labourers thought that if they worked hard enough they would live wealthy lives.

  2. Describe the main aspects of the economic boom in the 1920s.

    As a consequence women and teenagers became more promiscuous as their values changed from obedient and formal to daring and independent.

  1. USA and the Prohibiton law - 1920

    Source F decisively does not support the proposal that failure was unavoidable, 'the law will be obeyed in cities, large and small, and in villages', the author has elevated hopes for the future at the start of Prohibition, and gives no sign that he foresees it not ensuing.

  2. Why has the America of the 1920’s been described as the Roaring 20’s?

    I never feel as close to my family as I do when we are together in the car." The car led the roaring 20's as it boosted the spirit between families, work friends and even between strangers. It was exciting, outrageous and led to the continuos rise of moral.

  1. Not All American Experienced The Boom

    On the surface people seemed prosperous lived on credit (taking loans from banks and returning it with interest). Farmers had their lives changed also in the 1920's machines were made to do man's work so this resulted to many companies firing many employees with mechanization (to perform like a machine),

  2. The boom, good or bad?

    And not only this but farms started suffering because Europe and other places America sold meat and grain to started recovering their farms after the war and no longer needed American goods as much, not only this but American farms had to compete with farms from Canada and Argentina so they made less and less money and eventually went bankrupt.

  1. Describe the main aspects of the economic boom in the 1920's.

    This changed society and their lifestyles. There was an increase in sales on electrical products. Electrical products made life easier for people, especially women. They could put the clothes to wash in the washing machine and then they would have free time for themselves while the clothes are washing, to go out shopping.

  2. America in the 1920’s.

    They were a group who were against black people. By 1900 the KKK where nearly non-existent until 1915 when William Simmons an ex history teacher from Georgia re-founded the Klan. With this new start the KKK reformed their ideas. They were only for WASP's (White, Anglo Saxon, Protestants)

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