This website uses cookies to ensure you have the best experience. Learn more

The Economic Boom Of The 1920s

743 words - 3 pages

The 1920s were a time of change for the people of America, and they began with a boom. This boom was initially caused by the combination of America’s inherent rich natural resources and the First World War, and was further propelled by the lack of regulation on business as promoted by the Republican government and by new, different, improved methods of operation in business and industry. Though the boom would never have occurred without the initial causes, the boom would never have had such a profound impact on all aspects of economics and society as it did if it had not been for the revolution in industry and its effect on the state of mind of the American population. The main reason for the boom in the 1920s was the confidence and new attitudes of the population, which both caused and were caused by the boom, and which thereby sustained the boom.
The boom began as a result of America’s immense industrial power. This was caused in large part by the First World War and the unique nature of America’s involvement therein. For most of the war America did not actively participate, and instead lent money and exported arms, munitions and food supplies to the Allies (Walsh 187). They also took the opportunity to expand their markets in the colonies of the warring countries, and they reaped economic benefits. Furthermore the war conveniently destroyed their industrial competitors; after the war, many countries’ industries were impoverished. Their industries in steel, coal, oil and textiles remained strong after the war, and their chemical and film industries developed; America was the industrial leader of the world (Walsh 186). Moreover the growth and actions of these businesses were left unregulated by the predominantly Republican government, the policies of which discouraged their interference in the lives of the population. The government kept taxation low, trusting in the wealthy to invest their wealth back into industry and the economy, and raised tariffs to protect the massive domestic market from foreign competition (Walsh 187), in accordance with the Isolationist policies of 1920’s USA (Walsh 183). All of these factors combined in the 1920s to propel the United States into nearly a decade of industrial and economic growth.
Although the boom began for the above reasons, it was sustained...

Find Another Essay On The Economic Boom of the 1920s

Women of the 1920s Essay

795 words - 4 pages example, men got paid more than women and women “remained economically and politically subordinate to men in the early twentieth century” (Source B). With all the new social, political and economic changes made, women in the 20s where very different from those in the 1910s and those of this decade. The women in the 1910s where more modest in clothing and attitudes and today’s time is filled with all kinds of styles and attitudes. It went from no

Inventions of the 1920s Essay

502 words - 2 pages Inventions of the 1920’s to 30’s Through out the 1920’s many inventions were created that altered human civilization. Transportation was successfully mastered. Radio communication was becoming more common and medicine was saving more and more lives every day.      In this year Henry Ford created the first affordable, combustion engine car called the Model-T. The creation of the Model-T changed the lives of every

The Economic Boom in America in the 1920's

1485 words - 6 pages The Economic Boom in America in the 1920's The decade of the 1920s, or as it was called by its contemporaries, "The New Era," was marked by prosperity and new opportunity in the aftermath of World War I. The war began in Europe in 1914, and the United States entered the fray in 1917. A significant reason for United States involvement in the war was the nation's economic links to the Allied Powers, and especially to

Women Athletes of the 1920s

1720 words - 7 pages like this would be Jordan Baker, a character from the novel The Great Gatsby. Jordan is a competitive golfer in the novel. Baker comes from the wealthy, upper-class, and is ‘old money’. Consumerism of the 1920s caused the amount of clubs and sports teams for women to multiply. This materialistic attitude of Americans caused the economy to boom, thus providing more money for leisure activities. Institutions, churches, and saloons sponsored

Social Dichotomy of the 1920s

735 words - 3 pages As a nation coming out of a devastating war, America faced many changes in the 1920s. It was a decade of growth and improvements. It was also a decade of great economic and political confidence. However, with all the changes comes opposition. Social and cultural fears still caused dichotomous rifts in American society. Probibition during the 1920s is one of the many examples of dichomoty. During Prohibition, the manufacture, transportation

Cultural Revolution Of The 1920s

744 words - 3 pages The 1920's were times of cultural revolution. The times were changing in many different ways. Whenever the times change, there is a clash between the "old" and the "new" generations. The 1920's were no exception. In Dayton, Tennessee, 1925, a high school biology teacher was arrested. He was arrested because he taught the theory of evolution. The teacher, John T. Scopes, was accused of having violated the Butler Act. This

The Brave Story of Corrie ten Boom

1119 words - 5 pages The Brave Story of Corrie ten Boom “There is no pit so deep that God’s love is not deeper still.” Corrie ten Boom has spoken these words more times then she can count on her fingers; they encouraged her through heartbreak and pain, World War II and the risk of hiding Jews, concentration camps, and even the death of her sister

The 1920s and the Foundations of Today

2088 words - 9 pages was also an economic boost. In the Roaring Twenties, Hollywood thrived due to the new inventions and leisure time. Hollywood created multiple hit movies, such as The Jazz Singer, which increased the flow of American money. Hollywood was an easy, fast, and cheap entertainment source that was vital in the 1920s. Hollywood was a time-filler that boosted the economy and gave more jobs. Hollywood helped spread wealth throughout the 1920s, and to this

The Tensions of the Changing 1920s

1179 words - 5 pages they were extremely against any achievements of the Harlem Renaissance. In the 1920s the KKK had an unexpected boom in membership due to the Harlem Renaissance’s widespread musical achievement, jazz. Many conservatives viewed jazz as extremely sinful for not only was it “black music” but it was scandalous for the “sinful” dance moves that it created. This went against many of the conservative beliefs causing a rise in membership of the KKK. With

The Impact of Fashion in the 1920s

957 words - 4 pages be original, which ironically made them unoriginal. Speaking of originality, an unexpected surprise hit the streets when women decided to revolt against society with the help of “The Flapper”. The Flapper was an expression used to describe the bold appearance and behavior women embraced during the 1920s that triggered the manner in how they would be viewed forever (Hanson, 49). It consisted of a drastically short haircut, normally a bob

Flappers: The Untraditional Women of the 1920s

800 words - 4 pages Some women of the 1920s rebelled against being traditional. These women became known as flappers and impacted the post-war society. People in the 1920’s couldn’t make up their minds about flappers. Some were against them and some were with them. Therefore, some people in the 1920’s loved and idolized flappers, I on the other hand, believed that they were a disgrace to society. These women broke many rules leading young women to rebel against

Similar Essays

Economic Boom Of 1920s And Birth Of Consumer Ameri

3579 words - 14 pages to a consumer-driven economy.The onset of World War I (1914-1918) brought new technology and initiated the great economic boom of the 1920?s. Propelled by the demand for wartime supplies, the United States developed more efficient methods of production, which stimulated the economy. Existing industries such as petroleum and steel were revived, and newer industries such as plastic and rayon blossomed. Overall, the total annual expenditure on new

Economic Boom Of 1920s And Birth Of Consumer Ameri

3579 words - 14 pages to a consumer-driven economy.The onset of World War I (1914-1918) brought new technology and initiated the great economic boom of the 1920?s. Propelled by the demand for wartime supplies, the United States developed more efficient methods of production, which stimulated the economy. Existing industries such as petroleum and steel were revived, and newer industries such as plastic and rayon blossomed. Overall, the total annual expenditure on new

The Cause Of The Economic Boom In The 1920's

1184 words - 5 pages The Cause of the Economic Boom in the 1920's By the end of the First World War America was regarded as the most powerful and richest country in the world. In the 1920´s the United States economy was booming. This was a period of prosperity, when the country's economy was doing well and some of the people were sharing in it. A long-term cause of the American boom in the 1920´s was America's natural advantage and regional

Politics Of The 1920s Essay

651 words - 3 pages (Shmoop Editorial Team 2). When it came to major issues such as Economic policy, Immigration, and Prohibition the party was divided, and as a result the party had congressional minorities and terrible presidential candidates. The 1920s were a great time for business and in return the people elected pro-business candidates such as Coolidge who famously stated that "the business of America is business" (Shmoop Editorial Team 2). In a way that