The treatment of women was a big social change for example the number of working women increased by 25 per cent and women were given the right to vote. The T-ford motor car was a big part of the boom as they were the first company to think of techniques like assembly lines and mass production this made it easier for Ford to make more cars and as he produced more and more cars, he could reduce his prices. By 1925 the price of a car was around $290, which cheaper than the price of $850 in 1908. which then benefited the sale of consumer goods when other companies decided to also use these ideas when making their own products. There was also an increased demand for fuel and other resource needed to make the cars like rubber and glass. But though these helped the motor car without the republican policies the motor car might not of done as well.
The fact that people would travel West and have a new way of life using the new technology and at the same time being able to have land that was all their own. The national economy grew because more people were making money since they had very nice industry jobs. People could afford more things in life that were not considered a necessity. One of the major inventions during the Industrial Revolution was the railroad. It played a major role in the westward expansion during the Industrial Revolution.
Why was there an economic boom in the USA in the 1920s? During the 1920s there was a prolonged boom in the American economy. Industrial production doubled, resulting in low unemployment. The economy grew rapidly as sales and wages increased and fortunes were made. Life had never seemed better for the majority of the American people.
This also strengthened their friendship with oreos Britain because they were seen to be helping them in their hour of need - the war. This friendship was so strong that America fought with the Triple Entente at the end of the war. One of the reasons for the economic boom was the introduction of hire-purchase whereby you put a deposit on an item that you wanted and paid installments on that item, with interest, so that you paid back more than the price for the item but did not have to make one payment in one go. Hire-purchase was easy to get and people got into debt without any real planning for the future. In the 1920’s it just seemed to be the case that if you wanted something you got it.
At the same time, industry also had the advantage of lower costs due to the ever increasing number of cartels allowing for greater purchasing power than that of smaller businesses. Between 1925-1929 German exports also rose by 40% further increasing Germanys income. However, even with these new advantages
The average household could afford new products due to popularity and mass productions. This helped the increase of the economy as less people were out of jobs and unemployment rates were at an all-time low. Construction was at its busiest in the 1920’s than ever before, with the new factories, houses, and businesses. With industrial growth at an all-time high, there was a demand for factories that needed to produce the new products. The 20’s was “age of the skyscraper” with new hospitals, public buildings, cinemas, offices, banks, and more.
How Accurate is it to Call 1920’s USA ‘The Roaring Twenties’ The Roaring Twenties was an era of great economic growth in the USA. Just after WW1 had just ended, America was a time of fun, escapade, excitement and enthusiasm. New inventions were flooding into the country such as automobiles and refrigerators. Spending was to an all time high as people were buying the new fashion trends, going to see their favourite actors at the theatre or even to go see their favourite sporting heroes. People were enjoying life as these new changes gave the USA a major jump in its economy in this short period.
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.
Despite the numerous positives for Britain many other colonies felt the negative effects of the British empire sparking many conflicts in the past 200 years. Britain prospered financially throughout the many years of having an empire. Britain developed trade links between many countries, source B shows how these links benefitted Britain. The source shows that the years between 1700 and 1900 saw a dramatic increase in the amount of goods being imported and exported from Britain. Up until 1900 the source shows that Britain was in a very good position when it came to trade as their exports greatly outweighed their imports which in turn would make a steady profit for Britain.
The invention of the light bulb and telephone illuminated the homes, and allowed millions of people to connect with each other. The mass production of items allowed for greater cash flow. Things were made on demand, and by the thousands. This allowed the US to quickly pack and ship all of their goods to other cities or countries. Mass production also lowered the cost of the products.