What were the main features of the 1920's boom in America?

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     The main features of the boom in the 1920’s was that industries had been boosted by war time production and as a result money began to pour into the American economy, and a time of stability and prosperity began to take shape for some people. Except for a majority of the American population who were below the poverty line. The majority were blacks and the farmers who worked on the cotton farms, even sharecroppers. The USA began to change from being rural and agricultural to urban and industrial, and its industries’ production increased by a massive percentage of 50%.

     The Boom was fuelled by demand by consumers for a whole range of new products the industries were producing and inventing, such as cars, vacuum cleaners, washing machines and radios. However over 60% of America’s population were below the poverty line and did not share the boom how other people did enjoy it. Most Americans were oblivious as to what was to confront them. They were too busy enjoying the prosperity of the 1920s. American industry had expanded during World War l, making weapons, uniforms, equipment. This expansion continued after the war, which was helped by the fact that America was rich in natural resources such as coal and iron. High tariffs made foreign goods expensive to ensure that American goods were bought. Some industries were also given support by the government, which increased their profits. So as a result a boom occurred.

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     The greatest boom was in consumer goods e.g. cars (where nearly 27 million were registered in the USA), refrigerators, radios, cookers, telephones etc. Ordinary people were encouraged through advertising to buy these goods and many could now afford what had been luxuries before the war. The reason for this was that they earned higher wages because of the boom. Another reason was hire purchase, which was a new system, which was introduced. This meant that people could spread the cost over months and even years. But the main reason was that goods had become cheaper, for example in 1908 ...

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