During the 1920s in America, after the First World War, there was a dynamic economic boom.
People had increased demands for American goods, and with the technological progress,
numerous industries steadily developed. Companies made huge profits, and the employment
rate exponentially increased. One of the most influential factors that caused the economic boom
is the Republican Policies. The Republican Party promoted significant Republican Policies that
aroused the economic boom throughout the 1920’s. However, there were other factors that
brought up the economic boom, such as the automobile industry, and the industrial strength.
Thus, although the Republican Policies had a major effect on the American society in the 1920’s,
it cannot be defined as the prominent factor. …show more content…
Furthermore, by lowering the taxes, people were able to spend more money, and the affluent
people had more opportunities to invest in a variety of industries. Hence, this provoked a fluent
development of the American economy, and consequently caused the American economic boom.
However, it is hard to clarify the Republican Policies as the most contributive factor that caused
the economic boom. Another remarkable feature is America’s industrial strength. It started to
increase as America did not join the League of Nations and remained in isolationism. America
took advantage of the high demand of resources during the war. During the First World War,
America exported many of its good and products to countries such as Britain and France. This
trade system gave an exponential growth to the American industry, since it took over British,
French, and German markets, while they were all held in the war. Meanwhile, other industries
involving cars, telephones, and agriculture expanded rapidly. With a large scale of workforce,
due to the urban population, companies were able to develop new industries and make
People had increased demands for American goods, and with the technological progress,
numerous industries steadily developed. Companies made huge profits, and the employment
rate exponentially increased. One of the most influential factors that caused the economic boom
is the Republican Policies. The Republican Party promoted significant Republican Policies that
aroused the economic boom throughout the 1920’s. However, there were other factors that
brought up the economic boom, such as the automobile industry, and the industrial strength.
Thus, although the Republican Policies had a major effect on the American society in the 1920’s,
it cannot be defined as the prominent factor. …show more content…
Furthermore, by lowering the taxes, people were able to spend more money, and the affluent
people had more opportunities to invest in a variety of industries. Hence, this provoked a fluent
development of the American economy, and consequently caused the American economic boom.
However, it is hard to clarify the Republican Policies as the most contributive factor that caused
the economic boom. Another remarkable feature is America’s industrial strength. It started to
increase as America did not join the League of Nations and remained in isolationism. America
took advantage of the high demand of resources during the war. During the First World War,
America exported many of its good and products to countries such as Britain and France. This
trade system gave an exponential growth to the American industry, since it took over British,
French, and German markets, while they were all held in the war. Meanwhile, other industries
involving cars, telephones, and agriculture expanded rapidly. With a large scale of workforce,
due to the urban population, companies were able to develop new industries and make