Description of the American economy of the 1920's

Darrell White English 101 January 26, 2003 What Goes Up moldiness come out Down Weve all heard the express What goes up must come down. This phrase as well draw 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 overseas territories, plentiful resources, and began to lend capital overseas s the American economy expanded. After the war ended, the economy dipped briefly. This occurred collectable to high unemployment among soldiers returning nucleotide from war. The stagnation didnt last lucid though soon the economy revived and the roaring 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 incessantly to debase a car. The car companies in addition started the installment head off in the 1920s that made cars affordable for all Americans. An Ame rican could buy a Model T in whatever blazon as long as it was black. Automobile Productions sum 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 further away from their place of employment and drive on parvenu 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, emptiness cleaner, telephone, and radio. The income of the total American worker rose to new heights. ! With much(prenominal) money to spend you even began to see the invention of the cooking stove 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, however I think the footing of the Depression should have been discussed more in deph. If you want to drop dead a spacious essay, order it on our website: OrderCustomPaper.com

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