Explain the main features of the US economic boom of the 1920s

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Explain the main features of the US economic boom of the 1920’s

At the start of the 1920’s the US was doing well, the twenties were a time of fun and partying. Most of the American people were living a great life and were able to afford luxury items, even though this didn't apply to every one many believed that it was excellent and exciting a time of great hopes. After the war much of Europe was struggling, so therefore the US had taken over their trade. Also, after the war many immigrants moved to the US, this was the best source of cheap labour and increase the population largely. This helped contribute to the US being, ‘on top!’ Another reason why the US was doing so well at the start of the 1920’s was because they had natural resources like oil, coal and electric. This is good, as they didn’t need to import it from elsewhere. In the 1920’s the US economy Bloomed! This was shown by the vast amount of building being built all over the US.  As they needed the buildings to be build to house the demand for factories.

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The 1920’s were a time of innovation for the US they were they world leaders! The electricity consumption had doubled, and in 1929, 70% of Americans has electric lights. 1924 was the year of mass production; many products such as electricity, electric products, cloths and cars were being mass-produced. Henry Ford planned to use it so that skilled people had to do as little as possible. Mass production introduced many jobs for the Americans, and they did not need much training either. Many new goods such as stockings, cloths, telephones and buttons were made out of new chemicals found, Rayon ...

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