Describe the main aspects of the economic boom in the 1920s.

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Describe the main aspects of the economic boom in the 1920s.

      The economic boom of America was largely due to the introduction of mass-produced products and new revolutionary industries. It was a time in America when many new ‘gadgets’ were invented that a large number of people wanted to buy.

      Products such as radios, refrigerators and telephones took the country by storm and were extremely popular. By 1929, ten million homes had radio sets, as a result of the trend started by Station KDKA – America’s first radio station. The popularity of such consumer goods increased the availability of jobs in the industries that produced and distributed these products, increasing the factory owners’ income. As a result of this, there was an increase in the wages of factory workers. With people making more money, many were able to buy new products, restarting the economic cycle again.

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      The advancement of technology meant that new electricity, movie and chemical industries among others, were the new trend as they supplied the public with much needed goods like medicines and radios. The popularity of cinema was due to the fact that films were relatively new and provided a source of entertainment, particularly in films that reinforced the patriotism and victory of World War I.

      America was lucky in that it got off lightly from the First World War: the country was intact, most of the soldiers returned home safely, and everyone owed America money. ...

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