(855) 4-ESSAYS

Type a new keyword(s) and press Enter to search

History


            The 1920's are often remembered as an era of affluence, conservatism, and cultural frivolity. In reality, however, the decade was a time of significant, even dramatic social, economic, and political change. It was an era in which the American economy not only enjoyed spectacular growth but developed new forms of organization. It was a time in which American popular culture reshaped itself to reflect the increasingly urban, industrial, consumer-oriented society of the United States. And it was a decade in which American government experimented with new approaches to public policy. That was why contemporaries liked to refer to the 1920's as the "New Era- "an age in which America was becoming a modern nation.
             After the recession of 1921-1922, the United States began a long period of almost uninterrupted prosperity and economic expansion. Less visible at the time, but equally significant, was the survival and growth of inequalities and imbalances. No one could deny the remarkable feats of the American economy in the 1920's. The nations manufacturing output rose by more than 60 percent and per capita income grew by a third. A mild recession in 1923 interrupted the pattern of growth; but when it subsided early in 1924, the economy expanded with even greater vigor. The economic boom was a result of many things, but one of the most important causes was technology. The automobile industry, as a result of the development of the assembly line and other innovations, now became one of the most important industries in the nation. Auto manufacturers purchased the products of steel, rubber, glass, and tool companies. Auto owners bought gasoline from the oil corporations. Road construction became an important industry. The increased mobility that the automobile made possible increased the demand for suburban housing, fueling a boom in the construction industry.
             Other new industries benefiting from technological innovations contributed as well to the economic growth.


Essays Related to History


Got a writing question? Ask our professional writer!
Submit My Question