Why was there a boom in the 1920's?

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Why was there a boom in the 1920's?

In this essay I am going to answer the following statement. 'Without the new automobile industry the prosperity of the 1920's would have scarcely been possible'.

Before answering this question I am going have to investigate the factors involved in causing the economy to boom.

First I am going to look at why the automobile industry was such an important cause to the American boom.

The most important industry in the 1920's was the automobile industry. The motorcar had only been developed in the 1890's. The first cars were built by blacksmiths and skilled craftsmen and they took a long time too make and were very expensive. Car production was revolutionised by Henry Ford. In 1913 he set up the first moving production line in the world, in a giant shed in Detroit. Each worker on the line had one or two small jobs to do as the skeleton of the car moved past him. At the begging of the line, a skeleton car went in at the end of the line was a new car. The most famous car was the T-model. More than 15 million were