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Did all Americans share in the boom?

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Did all Americans share in the boom? Dear President Herbert Hoover, "One of the oldest and perhaps the noblest of human activities has been the abolition of poverty...we in America today are nearer to final triumph over poverty than ever before in the history of any land." Herbert Hoover, 1928 In your speech, poverty in America is no longer a major problem, which is true to a certain extent. Since World War I, American has been the richest country in the world, American's economy boomed immensely in the early 1920s, mainly due to new industries such as cars, telephones and electric lightings. Average salary increases through out America and many Americans have cars, radios, telephones and fridges. ...read more.


Less people are now living in poverty and ever before, since the number of unemployment decreased from 11.9 million (1921) to 4.1 million (1927). However, not every American benefit from the boom in the early 1920s. In fact, more unemployment is created through the boom than new employment. Older industries such as farming, coal, leather and textiles suffered greatly. As we can see, the total US farm income dropped from $22 billion in 1919 to just $13 billion in 1928. In America, 60 million are involved in the farming industry, most of them unskilled workers who live in rural areas, once they were forced off their land, they migrated to cities where there was little demand for their labour. ...read more.


This might be true, however, 42% of Americas are still living below the poverty line. Majority of the Americans' wages did not increase on the same scale as company profits or dividends paid to shareholders. In Chicago, the problem is highlighted, when only three per cent of semi-skilled workers owned a car (while 29% owned a car in cities), and only one radio for every three householders in poorer districts of Chicago. Moreover, chain stores across America served mainly the middle-class, while poor Americans are being disregarded. To draw the conclusion, I would say that, only a few Americans - such as shareholders and company owners - benefits from the economic boom, while majority of Americans are still under the poverty line. From my point of view, I feel that America still has got a long way to go to until the final triumph over poverty. ...read more.

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