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

American industry boom

Extracts from this document...


Why did the US economy boom in the 1920's? There were several reasons why the US economy boomed in the 1920's.However one of the main reasons was the mass production of Ford cars. This helped the US economy for the reason being that to produce a car several materials are needed steel, glass etc. With every car made more materials were used and more needed therefore more people were employed. This was especially important when the 'magic belt' was brought in since every person was assigned to one small job. This helped the US economy grow since before Ford cars were produced people could not afford automobiles, yet when the Ford automobiles were made at a small price a great deal of people purchased them this made companies such as listed before (steel, glass etc) ...read more.


As a result many companies grew making more money from rubber, oil, food to even house companies all this influenced how much the US economy boomed and much more. Another reason why the US economy boomed was because of the weak unions this not only helped the US economy boom but affected the normal workers of there rights. The reason being that employers were allowed to use violence to break strikes therefore the workers would be afraid to speak out if the wages they were being paid was a extremely small amount this meant that the more people who were afraid to argue against the employers would be paid less meaning the economy would gain more. ...read more.


Even though the prices of the cars had gone down and there were more jobs for people meaning they could make more money and the wages were rising they introduced hire purchase, this enabled customers who could not pay the amount in one go pay a small deposit and pay the rest in weekly or monthly payments this meant that people would not be put off if they could not afford to pay meaning that they would be more accepting and eager to purchase it. However this is not the only factors that caused the American industry to boom there was several other reasons that it became extremely high in buyers. ...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 Miscellaneous 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 Miscellaneous essays

  1. Are Footballers Paid Too Much

    Successful clubs can eran huge sums of money from TV rights. A place in the European Champions League can generate up to �20 million income. Although some fear the end result will be a 'superleague', with clubs that aren't members having less money to attract top players or win new supporters.

  2. Obesity. In this project I hope to aim to locate the function of the ...

    The 'Big Mac' is the companies' signature product. The recommended daily intake of calories is 2000 for women and 2500 for men. A "Big Mac" burger from McDonalds is on its own 540 calories. A Big Mac alone is hardly a meal and after eating one you are very likely

  1. My Beautician hand book - Basic skincare. How make-up should be applied to different ...

    Do shading around your hairline and at your chin. 2. Highlight your cheekbones with a light matte eye shadow and apply blush just underneath your cheeks. 3. A fringe is good to wear with this face shape. Square face Characteristics: *?Wide forehead, cheeks and jaw line.

  2. Steve Jobs

    Apple is a friendly and safe computer. In October 23, 2001 Steve introduced the iPod, which changed the entire music industry. The iPod is a small computer with 5 buttons and a click wheel. The iPod is replacing MP3 players and Sony Walkman.

  1. 'Describe How the Travel and Tourism Industry Has Developed'

    types of holidays, which in turn is seeing an upward trend once again. Travel Agents Multiples These are travel agents that typically have 50+ branches across the country. Most of them will possess their own airline, and use the fleet for their own package holidays.

  2. Chinese American Racism

    (Wu 35) At the time this did not seem significant because most Chinese were planning on making money quick and then returning home to their families in China. (Wu 36) When most of the Chinese immigrants found it difficult to find fortune, they decided to remain in the United States for longer periods of time, much to the dismay of many Americans.

  1. Romeo & Juliet 'I am fortune's fool' - to what extent is Romeo a ...

    He also says that Rosaline knew that Romeo was not in love with her and that he is in love with being in love when he remarks that 'she knew well' that Romeo's love 'did read by note and could not spell'.

  2. Travel industry

    Tui is one of the worlds biggest tour operators. They have destinations all over the world offering different packages and hundreds of thousands of hotels. Flybe Airline Company. Flybe are a low cost airline that flies within the UK and a few destinations in Europe. Europecar rent a car.

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