USA HISTORY

Detailed explanation-1: -The main reasons for America’s economic boom in the 1920s were technological progress which led to the mass production of goods, the electrification of America, new mass marketing techniques, the availability of cheap credit and increased employment which, in turn, created a huge amount of consumers.

Detailed explanation-2: -For many middle-class Americans, the 1920s was a decade of unprecedented prosperity. Rising earnings generated more disposable income for the purchase of consumer goods. Henry Ford’s advances in assembly-line efficiency created a truly affordable automobile, making car ownership a possibility for many Americans.

Detailed explanation-3: -In the 1920s the ability to produce and distribute goods on a mass scale, aided by technological development and federal policies favoring industry, brought about a stabilization of the economy that led to wide prosperity.

Detailed explanation-4: -What was the 1920’s characterized by? Increased consumer borrowing and spending. What was the economic boom and the financial speculation of the 1920’s caused by? Installment buying, an unregulated stock market, and by the development of new consumer goods industries.

Detailed explanation-5: -The 1920s represented an era of change and growth. The decade was one of learning and exploration. America had become a world power and was no longer considered just another former British colony. American culture, such as books, movies, and Broadway theater, was now being exported to the rest of the world.