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'Without the new automobile industry the prosperity of the 1920s would scarcely have been possible? Do you agree?'

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Introduction

'Without the new automobile industry the prosperity of the 1920s would scarcely have been possible? Do you agree?' In the 1920s, the USA's economy was booming. People felt that they had a right to prosperity and many had aims of owning a nice house and car. Most people in the USA had this state of mind. I believe that the automobile industry was extremely important in the economic boom! In the 1890s cars were only made by skilled blacksmiths, and were very expensive. Only about 4000 were produced each year/ However Henry Ford changed all this. He set up the first real 'production line', where workers only had one or two jobs to do on a car as it passed them. ...read more.

Middle

Many people bought cars on credit, again stimulating the economy. The automobile industry did indeed have a major role to play in the prosperity of the 1920s. However there were many other new industries that were also important. The USA had the latest technology and many new consumer goods were being produced. Every American household was full of the latest consumer gadgets. Hoover became a household name! These goods skyrocketed and also stimulated other industry (i.e. of raw materials). The USA produced coal. Agriculture became much more efficient with new technology. All the latest consumer goods were also exported to other countries. Industries began to produce better goods, faster and cheaper. This was the 'industrial efficiency movement'. ...read more.

Conclusion

They kept taxation low (helping the wealthy), allowed trust (super powers in a particular industry) to develop, they also did many other things such as keep high tariffs on imports (so people were more likely to buy American goods, stimulating the economy). Overall I feel that the automobile industry did have a vital role in the prosperity of the 1920s. However I feel that there were many other factors for the prosperity too (republican policy, war etc.). I feel that without the automobile industry the prosperity certainly wouldn't have been as high as it was, but to say it would scarcely be possible is a bit extreme. I think that without it there still would've been significant prosperity due to other factors, but it would have been no where near as successful as it was. The automobile industry did indeed play a crucial role in the prosperity of the USA in the 1920s. By Rishi (age,14) ...read more.

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