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The Boom was a comeback of trade in the industries/economy for America in the 1920s shortly after the First World War. They joined the war later on so they didn't lose any resources; in fact it made them extremely wealthy. The only people who didn't benefit from the boom living in American were old industry workers, black people, farmers and people below the poverty line (unfortunately because of their circumstances there were no hope for these people).
People then started relying on America for consumer goods as they had modern industries and plenty of resources. Henry Ford founded the first mass production motor car with one every ten seconds being produced off the assembly line. They put the skeleton of the car into the machine which did everything else. It was a new age of technology.
The Boom also caused new buildings to be built such as the Empire State Building, at the time this was the world's tallest. This was the age of the skyscraper. Despite working in dangerous conditions with low pay the building brought in more tourists than ever before causing more money to be spent.
Wiki User
∙ 10y ago
Wiki User
∙ 12y agoIn 1920 America's economy was in recession due to the spending of World War I.
Then governed by the policies of Warren Harding, the government did not pass Keynesian spending measures, and the economy recovered only a yearl later to bring about the Roaring 1920s, when American commercial interests boomed, and unemployment dropped significantly.
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What helped hide the weakness in the economy in the 1920?
Easy credit helped hide the weakness in the economy in the 1920's.
What helped hide the weakness in the economy in the 1920's?
Easy credit helped hide the weakness in the economy in the 1920's.
Which is better the American economy or the Mexican economy?
As of 2011 the American economy is better than the Mexican economy. However.... The Mexican Economy has the potential to surpass the American economy. In 2010: the American Economy grew: 2.9% the Mexican Economy grew: 5.3%
What sector of the economy did not prosper in the 1920's?
agriculture
How did the united states econemy of the 1920's differ from the economy of the 1930's?
The roarin' 1920's were the opposite of the 1930's. The 1920's were a peak in the economy, wheras the 1930's were the time of the Great Depression.
What word describes American economy in 1920?
fluctuating
What is the American depression?
When the American economy in the 1920's boomed and then busted. Much money was lost
What helped hide the weakness in the economy in the 1920?
Easy credit helped hide the weakness in the economy in the 1920's.
What helped hide the weakness in the economy in the 1920's?
Easy credit helped hide the weakness in the economy in the 1920's.
What were some ways that our economy grew in the 1920's?
The economy grew in the 1920's due to World War I. Many industries and businesses were created in the 1920's as a result of the war.
What sector of the economy did not prosper in the 1920?
agriculture
Which is better the American economy or the Mexican economy?
As of 2011 the American economy is better than the Mexican economy. However.... The Mexican Economy has the potential to surpass the American economy. In 2010: the American Economy grew: 2.9% the Mexican Economy grew: 5.3%
What sector of the economy did not prosper in the 1920's?
agriculture
How did the united states econemy of the 1920's differ from the economy of the 1930's?
The roarin' 1920's were the opposite of the 1930's. The 1920's were a peak in the economy, wheras the 1930's were the time of the Great Depression.
What was the slippage in the economy in the 1920?
The slippage in the economy in the 1920 in United States was as a result of better machines for production. There was advancement in media technology as well which played an integral role in the spillage.
What helped the weakness in the economy in the 1920s?
Easy credit helped hide the weakness in the economy in the 1920's.
What was the key to the new consumer economy in the 1920's?
Electricity
