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Which part of the US economy had the biggest boost after World War 1?
Wiki User
∙ 8y ago
Verified answer
Business
Wiki User
∙ 8y ago
Wiki User
∙ 12y agoIt was the economic boom that eventually lead to the great American depression. The economic boom of the 1920s.
The boom was caused by the remobbing (sending home) of the soldiers after the war, more resources were needed and everything was in higher demand, so businesses produced more and more. However, not everyone benefited from the boom. The price of farm produce dropped as the demand was no longer as high (people had no need for cheaper goods now that their husbands were bringing in so much money from their booming businesses) in order for farmers to make up for the money they were losing, they produced more causing over-production. They were left with too much produced that they were unable to sell and could not sell it abroad because of the expensive tariff that had been put in place (The FordneyMccumber tariff)- this happend in the 1920s towards the end of the boom as the economy began to crash. Other stuff happend as well but it take for ever to explain. Poorer people, black Americans, most Chinese immigrants also did not benefit. The economic boom was also social. Flappers began making bold statements (women who cut their hair short and burnt their Bras) advertisement was HUGE. Fads (crazes) such as marathon dancing, stuntment etc became a huge part of the entertainment business, along with cinemas...
Wiki User
∙ 14y agoAfter WW1 the economy started doing great. It was a boom economy.
Wiki User
∙ 15y agoYes, the American economy experience a boost with the war going on in Europe (before 1917) they were supplying both sides with military weapons and food
Tysen Henry
Companies that produced goods
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What part of the economy had the biggest boost after world war 1?
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