American industry boom

Things such as going out to buy beds, sofas or maybe even food played a part in helping the US economy grow at such a fast rate to such a large extent, considering that before this many individuals could not afford to buy essential products let alone lavish items. 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. They also refused to employ union workers however this would affect only the union workers since no one would be willing to pay them the amount they want. However, this may not have been with every company since in some sources there was evidence of wages rising and more stable prices this did not make a large difference to the economy because the money that these workers made would end up being spent on products which would end up being one of the many factors in leading the US economy to boom.

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.