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: -The single most important factor behind the prosperity of the 1920s was the expanded use of the automobile. Cars greatly affected all aspects of American life, as ownership rose from 8 to 24 million owners. By 1929 1 out of every 9 jobs was in an auto-related business.

Detailed explanation-3: -In the 1920s, assembly line production and easy credit made it possible for ordinary Americans to purchase many new consumer goods.

Detailed explanation-4: -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.