American Dream In The 1920's

Good Essays
The 1920s was often referred to as the "Roaring Twenties". This related to the booming period of quick economic growth, but also a change in social attitudes. Society discovering new found freedoms then suddenly people's expectations were changing, and this was fuelled by new technologies and a booming economy. However, hidden behind the hopeful and confident views and a booming economy, there were still problems, which led to the stock market crash of 1929 and the Great Depression of the 1930s.
People came from all or around the world searching for an opportunity, a freedom and peace, they came in search of the American dream. The ethos of the American dream today implies an opportunity for Americans to make a success of themselves through
…show more content…
Mass production also played a part in the Boom. The use of assembly lines which was used by henry ford, a car manufacturer, meant that production was cheaper and faster. Ford was producing cars so quickly, that this meant more profit for America and many more jobs available. The foundations of this boom were also in America’s raw materials production and another factor was the economic policy of the Republican Party, which was that they believed that there should be as little government interference in the economy, low taxes, weak trade unions and encouraging to buy American goods instead of foreign. Advertising became important to encourage consumers to buy now and pay later, this was done by credit. Credit increased the demand for goods and so the industrial boom continued. Commercial advertising was another source of profit for America, companies could now sell their goods over the radio. There were still problems or weaknesses in the American economy which were: an Unequal distribution of wealth, problems in agriculture, problems with trading, they put in certain policies to assist the economy but did the opposite. The stock exchange credit problem. None of these problems seem to be a problem while the economy was booming, but once things started to go wrong they led to the collapse of the stock market and the American

Related Documents

  • Decent Essays

    His strategy to sell more cars at lower prices proved to be life changing and a profitable one. Other industries adopted his approach to mass production and manufacturing productivity soared! The worker’s wages increased, allowing them to buy goods that before were considered luxuries. Henry Ford did not invent the automobile but instead he changed the way manufacturers operate. He brought together many innovative ideas that helped revolutionize mass production.…

    • 751 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    As a nation we came together and saw that an increase in the population would stimulate wealth and industrial production. The demand for more of our countries resources was overlooked when faced with multiple civilizations migrating from their mother land to America. Exploiting the other countries by enslaving them, infecting them with diseases, and tearing from their traditions, The United States abruptly expanded without knowing the consequences. There are many pros and cons surrounding the United states Imperialism, however the reasons why America Imperialize was to use the markets in order to make trading more efficient, to increase the military strength, and to show cultural…

    • 1968 Words
    • 8 Pages
    Decent Essays
  • Decent Essays

    The Roaring Twenties Essay

    • 1567 Words
    • 7 Pages

    After World War I, the US came into an era known as the Roaring Twenties. During this time, many Americans dedicated their time to buying consumer goods such as cars, telephones, and radios. This in turn led to a period of great prosperity in the United States and Americans were more geared to letting loose and having fun. Americans had so much fun, they spent money they didn’t have. However, a large segment of the population did not get to share in the wealth as the gap between the rich and poor widened.…

    • 1567 Words
    • 7 Pages
    Decent Essays
  • Decent Essays

    one in the store. This is due to the fact that TheStore has trimmed the company employees down below an acceptable level for conducting normal business operations. The lack of employees has produced an initial increase in monetary savings but the prolonged effects of not having adequate employees will yield a large decrease in the revenues over an extended period Fd gqert q4tq gqert notice a lack of employees manning the store. If you have a question about a product arted a joke Which started the whole I st someone down to assist you with your inqucdtrt;qwerkqwe’r233343240234l’iry. Often times you will feel as if you are the only one in the store.…

    • 52230 Words
    • 209 Pages
    Decent Essays
  • Decent Essays

    Essay On Buying Americans

    • 1787 Words
    • 7 Pages

    In the United States, there are labor laws and also regulations about what the workplace has to be like. Buying American keeps money in the United States. Buying American will increase growth in our economy and keep our economy moving in a positive direction. Although there are mixed feelings about this debate, there are some pretty incredible facts about people who support buying in America. “Almost 8 in 10 American consumers say they would rather buy an American-made product than an imported one, according…

    • 1787 Words
    • 7 Pages
    Decent Essays
  • Decent Essays

    By creating new inventions, America was able to gain money the economy changed dramatically. “As shown in picture #3, new factories were built and goods were transported out to create a fast way to earn money.” (Document #3) By faster and easier transportation, the goods were easily shipped out and transported to the rightful place. The economy was struggling a little before all this... The Industrial Revolution definitely put a positive dent in America 's society. Adding to that, “Factories were depended on to provide goods in order for the railroadss to transport.”(Document 5) Without the improvements from the Industrial Revolution the U.S would be struggling in many places, and a big attribute is the economy.…

    • 1181 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    The Industrial Revolution would be similar to the Market Revolution in causing once again the movement from home goods to factory goods. Making the poor poorer and the rich richer. It would also lead to new technologies such as the assembly line that would lower cost of production and help in adding mass production of products. Similar to the Market Revolution 's new technologies like interchangeable parts allowing for cheaper products. Both revolutions changed the way American 's lived their lives and would helped grow the American…

    • 707 Words
    • 3 Pages
    Decent Essays
  • Decent Essays

    The concept and execution of developing these railroads was successful and provided more jobs for those in need. The Industrialization of American helped to produce a growth within the economy which essentially surpassed the economies of other nations at this time. Alto During this industrial age there was a huge influx of immigrants primarily coming from southern and eastern Europe. Many white Americans had also developed a strong sense of nationalism which contributed to their hatred of immigrants who they believed were a threat to their livelihood. When it came down to beliefs and morals many Americans still maintained the idea that “individual enterprise, hard work, and free competition in open markets.” would make them successful and prioritized individualism.…

    • 711 Words
    • 3 Pages
    Decent Essays
  • Decent Essays

    A high inflation rate erodes the purchasing power and creates uncertainty for estimating future costs. However, an moderate increase in the supply of money - with controlling over inflation rate - will result in: First, lowering interest rate, which mostly spurs investment and an incentive for borrowing more loans. Second, putting extra money in consumers’ hand, and thus stimulating spending. Finally, with more consumers spending businesses will respond to increase sales and increase production. Both, money supply and inflation - with reasonable rates, are the cornerstone for automotive industry’s growth and productivity and vice versa.…

    • 1102 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    1920s Economy Dbq

    • 188 Words
    • 1 Pages

    The 1920s was a change in society one way is through the economy. In the 1920s the economy rose dramatically; this was because of the creation of credit. Credit was a way for people to buy things without paying for them until later. This led people to purchase things that were luxury items instead of things necessary for survival. Which led to the creation of the “Boom Cycle” which is demonstrated in Document 1.…

    • 188 Words
    • 1 Pages
    Decent Essays