Economical Boom In U.S.A. In The 1920s
Economical booms are periods of time when a countries wealth increases dramatically over a short period of time. During the 1920s this occurred in the United States of America for several key reasons. The two most prominent factors were World War I and development of assembly line technology.
World War One had a significant impact on the wealth of Americans in the 1920s. Men returning from the war had lots of money to spend and Americas distance from the war meant it didn’t have any war debts to pay. Also, during the war, America had supplied Europeans with war goods. In order to produce these, fabrication technologies had to advance. Post war, producers jumped on the new technologies available and customised them for the production of consumer goods which were ever-popular at the time.
Assembly line technology, first employed by Henry Ford in the 1910s, revolutionised the way goods were made. Before, everything had to be pain-stakingly put together piece-by-piece by one......
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