Why was there an economic boom in the 1920s?
There were many reasons that caused the economics boom in the 1920s in USA. This includes the First World War, growing industrial strength, growth of new industries and the state of mind. These reasons can be classified into major and minor causes. As some factors are more important than others.
One of the major causes was the fact that USA is rich in raw material, which leads to a growing industry. Rich in natural resources meant that USA did not have to import vast amounts of resources for the basic needs such as transportation and factories. This advantage was why USA was exporting all kinds of goods to Europe, Latin America and the Far East. More and more industries are developing ways of more efficient and productive ways of producing their product.
