USA HISTORY

Detailed explanation-1: -The growth of the automobile industry caused an economic revolution across the United States. Dozens of spin-off industries blossomed. Of course the demand for vulcanized rubber skyrocketed. Road construction created thousands of new jobs, as state and local governments began funding highway design.

Detailed explanation-2: -The rapid expansion of the automobile industry created jobs throughout the country and played a large role in sustaining the economic prosperity of the 1920s. In 1929, at the peak of the decade’s economic boom, there were more than 330, 000 people employed at automobile dealerships in the country.

Detailed explanation-3: -The automobile gave people more personal freedom and access to jobs and services. It led to development of better roads and transportation. Industries and new jobs developed to supply the demand for automobile parts and fuel. These included petroleum and gasoline, rubber, and then plastics.

Detailed explanation-4: -The auto industry’s importance to the US economy is undisputed. From providing employment to millions of people to being a major driver of the economy’s manufacturing sector, car ownership has not only shaped the economy, but has long been a centerpiece of the American way of life.

Detailed explanation-5: -Auto manufacturing drives $1.1 trillion into the economy each year through the sales and servicing of autos and flows through the economy, from revenue to parts suppliers to paychecks for assembly plant workers, from income for auto-related small business to revenue for government.