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
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