Moreover, this then led to changes in the supply of money, the concept of credit, and in forms of investment. This in turn brought new understandings of economics. Along with this, the industrial revolution led to the prosperous trade not only across the English Channel to Europe, but across the oceans to Africa, Asia, and North and South America. Not only this, but between 1800-1850 the national income rose by two-hundred-thirty percent. Economic stability and growth led to people being well fed, to have proper housing, and gave people opportunities to not be dependent on an agricultural income.
Mass immigration into the USA stretching from the end of the 19th century and well in to the 20th supplied an affordable and readily available source of labour willing to work cheaply in the growing industries, the new immigrants boosted the American economy in two ways; an increased demand in housing and food as well as other day to day commodities profited the economy, but also the cheap labour they provided allowed big businesses to grow. By European standards, where the majority of immigrants were coming from, work in America was well paid, hence the birth of the American Dream, so it became easy for businesses’ to lower standards as jobs could easily be filled, and they would profit, along with the economy. The American government also had a large part to play in the success of the American economy after 1890; before 1900 the US Government had a laissez-faire policy on economic matters
The effectiveness of each of these techniques relied much upon social factors at the time, including the rise of consumerism and product output, society’s insatiable need to ‘keep up with the Jones’s’, the desire for free time and family life, and also technological advancements into the era of radio and television. The first half of the twentieth century brought with it massive change and an onslaught of technological advancements, which resulted in vast amounts of product output and supply. [1] The decade from 1919 saw a huge growth in the private ownership of cars, radios, phones, washing machines, vacuums, fridges and other goods. [2] As discussed by Sheumaker, mass industrialisation along with new products and increased market competition saw advertisers create new methods to encourage the
The industrialization benefited America because it allowed for mass production, it increased jobs, and it caused cities to grow. Industrialization caused the United States to be looked at as a world power. It put items that only the rich could have, into the poor people’s hands. The rise of inventions helped the everyday lives of the US citizens. The invention of the light bulb and telephone illuminated the homes, and allowed millions of people to connect with each other.
Since the Civil War ended in the late 1800’s, many inventions and innovations started to skyrocket in production, which led to what is now called the Industrial Revolution. This revolution really made an impact on how the people of America lived. Faster transportation, like the railroads and locomotives, made it easier for settlers to move out west where a lot of the industry work started. Inventions also made a huge impact on how people lived and made their daily lives easier. Some of these inventions were electricity, the sewing machine, the telephone, and the Model T Ford.
Was the introduction of mass production the most important reason for the economic boom in the USA in the 1920’s? Why and what was the most important reasons for Americas economic boom almost a century ago? In this essay I will explain what the most important reason for the great economic boom in the USA during the 1920’s was and why it is. One of the main causes that was in the initial essay question was mass production. Henry Ford made cars for a living and came up with this way of easily producing cars cheaply, efficiently and on a very large scale.
All of these issues helped to shape the American nation and its people. After the Civil War, the development of improved industrial methods and the arrival of masses of immigrants eager for factory jobs launched a new era of mass production in the United States. The nation turned its efforts toward economic recovery and expansion. America's abundant supply of natural resources, such as coal and oil, encouraged investment. Much of this investment came from already industrialized countries like Germany, Great Britain, and France whose business owners looked for new investment opportunities in the United States.
So both the novel The Great Gatsby and the story “Babylon Revisited” are products of the time, products of 1920s. Narrating just about the lives of the several characters F.Scott Fitzgerald skillfully depicts the whole society, introduces us closely to the history of America at that decades, shows reader’s how the American Dream was changing throughout that time period : how suddenly pursuit of wealth and materialism became the main goal of most people, how after that thousands of people lost everything in the market crash and how the whole generation of flappers and pleasure-seekers was eventually lost. While comparing two works The Great Gatsby and “Babylon Revisited” one can’t not to notice the central role of the past in them. As both books begin narrating about the present events and gradually deep into the past. Present is impossible without the past, and F.Scott Fitzgerald was fully aware of this essential fact.
In addition, the population increase provided many people in the factories with machinery which was much more easier to work. Not only agriculture improved during the Industrial Revolution. Technology improved a lot during the Industrial Revolution which benefited not only the people, but also the society. In the old days, human and
The annexation of Philippines, Guam, Hawaii, Cuba, Puerto Rico and some other small islands had a huge significance for the US navy, because they had a chance to use naval bases taken during wars from these countries to help them to put ambitions which they had into action. Thirdly, the USA asserted economic control over almost all Latin America. The reason was that because the USA produced more goods than they could use, they needed expansion of their market abroad. Moreover, the population of the USA doubled during the period of 1870-1914. The industry production reached a point of 10 billion dollars by the 1900 and Industries, such as steel, textiles,