American economy in 1920

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1229667

2026-07-18 13:45

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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.

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