American Economy During and after Depression essays

American Economy During and after Depression essays After the First World War America was a completely different country. The twenties were a very unusual time period in American History. There are many reasons why it was called the Roaring Twenties. Most of the American people were living a great life and were able to afford luxury items; even though this didnt apply to everyone many believed that it was a time of great hopes. In the twenties, industry took a very big step. It nearly doubled. Not only did industry grow, but also so did science, laws, beliefs, arts, social lives changed, sports and the various different news from around the globe. The workweek had dropped from 60 to 48 hours. For the first time, the Americans considered play as important as work. The weekend family outing and vacation had become things workers expected it. Huge numbers of people had radios went to the movies and owned a car. Jazz was also introduced in the 20's. The car and train industry was the largest industry there was. The assembly line made mass production possible, and the industry boomed. America was now a very powerful envy of many countries. America had high production and low unemployment. But as the 20s came, the economy jostled forward. It was because everything was easier and more efficient that made America the greatest economically sound country in the whole world. (Encarta, 1) During the decade, American corporations became larger. Some grew by securing markets abroad, as did the United Fruit Company in Latin America. Others grew through consolidation. Large companies came to dominate many industries. By the end of the 1920s, 100 corporations controlled nearly half the nations business. (Encarta, 1) The economic boom was started by many different reasons. One of the key reasons was the creation of Mass production. Factories around the United States could use electricity and set up assembly lines and make objects quickly. Henry ...