USA HISTORY

Detailed explanation-1: -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-2: -There are dozens of different reasons behind the invention of cars. The main sources of these reasons are facilitating the transportation of people, enabling them to reach another place more easily. In addition to transportation, the car has become a frequently used product in the military sense.

Detailed explanation-3: -The automobile industry is dependent on various factors such as availability of skilled labour at low cost, robust R&D centres, and low-cost steel production. The industry also provides great opportunities for investment, and direct and indirect employment to skilled and unskilled labour.

Detailed explanation-4: -In the 1920s the automobile became the lifeblood of the petroleum industry, one of the chief customers of the steel industry, and the biggest consumer of many other industrial products. The technologies of these ancillary industries, particularly steel and petroleum, were revolutionized by its demands.