1920's Economics
Economic growth in the 1920’s was impressive, many Americans would purchase new cars, houses and appliances, many of these were new products that had recently been invented. The other aspect of the economy was mass production on assembly lines; automobile manufacturing skyrocketed in part because of the assembly line, these new techniques and inventions to manufacturing led to more production and lower labor cost.
One of the items which would find its way into American households was the radio, in 1921 there was one radio station in the United States but by 1929 there was 606 this in part to the sales of radios which increased from 100,000 in 1922 to nearly 4.4 million in 1929, the same increase could be seen in automobiles, 1920 there was 1.9 million automobiles manufactured and by 1929 this number jumped to almost 4.5 million.
What caused these increases was in part new technology, but also the booming economy in the 1920’s allowed for the common American to......
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