Economic Prosperity in the 1920's
- The 1920's was commonly known as the "Roaring Twenties"
- Many new advances in technology were made during this time period such as cars, radios, and washing machines.
- The new materials were produced through a new and sufficient method called mass production, that helped the prosperity of the middle class and the upper class.
- This period of peace and prosperity was sparked by the end of World War 1, that created a sensational amount of unity among American citizens eager to gain wealth.
- The strikes made during World War 1, paid off after the war because employers raised wages.
- Many people were willing to buy new products and luxuries after the misery of World War 1.
- These new products and materials became common to most Americans's everyday lives during the 1920's.
- Throughout America a new sense of united culture spread, and became extremely modernized during this time period.
- Movie and advertising industries were thriving and big businesses only became wealthier.
- Another popular thing that arose during this time period among the wealthy and middle class was the idea of making a fortune through buying stocks in the stock market.
- Unfortunately, not all American citizens enjoyed a period of peace and prosperity.
- The lower class during this time period, commonly farmers, suffered from a decrease in wealth because European countries were no longer dependent on American farmers to generate food for the war.