Economic Boom for USA During 1920 (Industrial Strength (Enough natural…
Economic Boom for USA During 1920
Enough natural resources
Growing population of 123 Million by 1923
Most of the population was living in cities and working in factories
Massive Steel, Coal & Textile Industries [Also leading oil producer]
One of the most high-tech industries
Skilled & Professional labor available
High production of raw materials
World War I
Selling of Ammunition to the nations participating in the war.
USA over took Germany in chemical production and trade
Development and Growth in the Aviation Industry
: Such a way of lifestyle meant full freedom from the govt. and ensured that they will not interfere in an individual's life
: Import tariffs which allowed the growth of local businesses and made importing expensive
: This benefited the individuals and allowed them the benefit of spending more on Americans goods and services.
: Trusts were high-super power corporations who dominated the industry. They felt these organizations could maintain a safe market.
USA was able to use its resources to its best
Luxury was made cheaper
Heavy Advertising of products
Product/Service on Credit
State of Mind
Right to Prosperity