Why was there an economic boom in the USA in the 1902's?

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Why was there an economic boom in the USA in the 1902’s?

In the 1920’s, the USA was booming. Businesses grew, people became wealthy, new buildings were constructed and thousands of miles of roads were laid. Americans were able to buy a whole range of new products like cars, radios and washing machines. Why did the US economy grow so fast at this time? Historians have suggested that a number of factors worked together to cause the boom.

The most important reason for the boom was WW1 and also economic benefits. During and after WW1, American industries grew rapidly; this was because there would be a vast demand for US goods when the war ended. The war led to the invention of new technology and new materials, such as plastic. America became the world leader in selling and developing these new inventions. The USA was paid a big amount of money to buy food, raw materials and weapons, therefore this resulted in American industry and agriculture prospering.

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Other important factors which helped bring the boom about were natural resources and also advertising, chain stores and big mail-order companies. Natural resources, the USA had a lot of wealth to enhance this industry and provide raw materials for new industries. This way, the US did not have to import produce from other countries as they have their own supplies. This helped boost their industry, as other countries would buy products off them.

        Another important factor which helped bring the boom about was advertising, chain stores and big mail-order companies. These helped to guarantee the mass consumption of goods. Vast ...

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