The nineteen twenties was a decade of economic advancement for the United States. The thrill of living an exciting and extravagant lifestyle is what led this time to be referred to as the “roaring twenties”. Americans were transitioning from a time of war to a time of happiness, peace, and comfort. The economy thrived on technology, advertisements, the stock market, automobile, and creation of new products. With the help of President Calvin Coolidge, the United States’ economy flourished.
At the start of the nineteen twenties, soldiers of all ages were returning to the states after fighting in World War One. These men had brought with them great ideas and visions for America influenced by what they had experienced in Europe. They returned …show more content…
These personal forms of transportation were able to be mass-produced with Ford’s idea of the assembly line. Owning an automobile at the time made it more likely for customers to travel and drive further distances to purchase products. The Model T was not only a convenience but also leisure for people during this time. It was yet another product that created more jobs for Americans seeking employment. The stock market also played a large role in the growth of the economy during the twenties. People would invest in stock and with the sudden economic growth they were making easy money this way. Similar to the idea of credit, people would “buy on margin”, which meant that they would temporarily borrow money from those known as “brokers” and repay their debts at a later date or time. The stock market value increased from 27 billion dollars in 1925 to 87 billion dollars in 1929 in New York.
During President Harding’s short office term, he had cut many taxes. When Calving Coolidge became president following his death, America’s economy had changed. Coolidge was financially conservative in that he supported small, privately owned businesses as well as legislation and
At the start of the nineteen twenties, soldiers of all ages were returning to the states after fighting in World War One. These men had brought with them great ideas and visions for America influenced by what they had experienced in Europe. They returned …show more content…
These personal forms of transportation were able to be mass-produced with Ford’s idea of the assembly line. Owning an automobile at the time made it more likely for customers to travel and drive further distances to purchase products. The Model T was not only a convenience but also leisure for people during this time. It was yet another product that created more jobs for Americans seeking employment. The stock market also played a large role in the growth of the economy during the twenties. People would invest in stock and with the sudden economic growth they were making easy money this way. Similar to the idea of credit, people would “buy on margin”, which meant that they would temporarily borrow money from those known as “brokers” and repay their debts at a later date or time. The stock market value increased from 27 billion dollars in 1925 to 87 billion dollars in 1929 in New York.
During President Harding’s short office term, he had cut many taxes. When Calving Coolidge became president following his death, America’s economy had changed. Coolidge was financially conservative in that he supported small, privately owned businesses as well as legislation and