The Roaring Twenties Research Paper

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Running Head: THE ROARING TWENTIES 1 The Roaring Twenties What Made it Roar? THE ROARING TWENTIES 2 Following severe post war depression in the 1920s, the American economy was booming. The 1920s saw new discoveries that became the foundation of thriving businesses. New businesses and production methods allowed large profits of new factories and higher wages. This booming period of economic expansion was often referred to as the “Roaring Twenties”. Society found new freedoms changing social attitudes. New technologies bought about the new economy. Economic growth was high due to growth in the automobile industry, new technology, and mass production. “Machinery “proclaimed Henry Ford, is the new Messiah. (Goldfield et al, 2010) Ford was the entrepreneur that symbolized modern America by introducing the assembly line. While working as an engineer in Detroit, Ford introduced the T model that made it easier for travel. Mass production of the assembly line raised wages for workers and benefited other industries like oil, steel, and rubber. The assembly line…show more content…
While some Americans were pouring their money into the economy, the government was doing very little to fix the problems of unemployment. Unemployment rates had increased by the end of 1920. The unequal distribution of wealth and income made the economy very vulnerable. High tariff barriers disabled trade between the United States and other countries. America was forced to extend credit to ever extended nations in order to keep trade alive. Prohibition to prohibit the sale of alcohol, intended to stabilize society but created conflicts of crime and corruption. In the meantime, the government did nothing to stabilize the unevenness of prosperity among Americans. Middle and upper class enjoyed the highest forms of living, while the lower class
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