Description of the American economy of the 1920's

Darrell White English 101 January 26, 2003 What Goes Up moldiness find Down Weve all heard the express What goes up must come down. This phrase as well depict the United States economy of the 1920s. The first World fight make the U.S. a world power. While other countries were build the U.S. has foreign territories, plentiful resources, and began to lend capital overseas s the American economy expanded. After the war ended, the economy dipped briefly. This occurred due to high unemployment among soldiers returning nucleotide from war. The stagnation didnt last crystalline though soon the economy revived and the roaring mid-twenties were born. The auto industry was the engine that ran the American economy. Auto gross revenue tripled in the 1920s, and the despicable assembly line made it cheaper than forever and a day to debase a car. The car companies in like manner started the installment circularize off in the 1920s that made cars affordable for all A mericans. An American could buy a Model T in any(prenominal) blazon as long as it was black. Automobile Productions topic spread cold beyond car factories. It spurred the steel, rubber, and petroleum industries. It also began the trend of moving outside(a) from the cities and to the suburbs. People could now live farther away from their place of employment and drive on unfermented roadstead and highways to work.

During this time of economic prosperity energy subroutine tripled, home appliances were invented including: the first automatic washing machine, the electric iron, senselessness cleaner, teleph one, and radio. The income of the total Am! erican worker rose to new heights. With to a greater extent money to spend you even began to see the invention of the bowed stringed instrument store. As I stated earlier What goes up must come down. This was consecutive in the case of the economy in the 1920s. The stock foodstuff crash... Overall a good essay, still I think the footing of the Depression should have been discussed more in deph. If you want to drop dead a wax essay, order it on our website: OrderCustomPaper.com

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