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. Many of these inventions had been made due to the fact that electrical goods were more common among the working class. Not all people in America had access to all these new products because at the start of the 1920s they would have been expensive so black Americans and the farmers wouldn't have been able to afford them due to the low paid jobs that most of them had.
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. Many of these inventions had been made due to the fact that electrical goods were more common among the working class. Not all people in America had access to all these new products because at the start of the 1920s they would have been expensive so black Americans and the farmers wouldn't have been able to afford them due to the low paid jobs that most of them had.