Description of the American economy of the 1920's

Darrell White English 101 January 26, 2003 What Goes Up must(prenominal) get along with 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 do the U.S. a world power. While other countries were build the U.S. has oversea territories, plentiful resources, and began to lend capital overseas s the American economy expanded. After the war ended, the economy dipped briefly. This occurred payable to high unemployment among soldiers returning nucleotide from war. The stagnation didnt last seamless 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 sales tripled in the 1920s, and the despicable assembly line made it cheaper than everlastingly to debase a car. The car companies likewise started the installment cast off in the 1920s that made cars affordable for all Amer icans. An American could buy a Model T in either blazon as long as it was black. Automobile Productions answer 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 brisk roadstead and highways to work. During this time of economic prosperity energy engage tripled, home appliances were invented including: the first automatic washing machine, the electric iron, pointlessness cleaner, telephone, and radio. The income of the total American worker rose to new heights. With to a greater extent 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 essa! y, scarce I think the footing of the Depression should have been discussed more than in deph. If you want to drop dead a wide-eyed essay, order it on our website: OrderCustomPaper.com

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