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.
What war ended right before the start of the Roaring Twenties? The war that ended right before the start of the 1920's was WWI (World War 1). The United States came out the winner in that war.
After enduring dark times, Americans were eager for a comeback. ... Somehow, despite a global flu pandemic that killed 675,000 Americans in 1918 and 1919, and a depression that gutted the economy in 1920 and 1921, the United States not only recovered but entered into a decade of unprecedented growth and prosperity.
Roaring Twenties
During the Red Scare of 1920, for example, hundreds of immigrants were rounded up and some were deported (forced to leave the country). The trial and execution of Nicola Sacco and Bartolomeo Vanzetti, Italian immigrants accused of murder, highlighted the prejudice against these newcomers.
Not everyone was rich in America during the 1920s.
...
Old traditional industries.
| Who benefited? | Who didn't benefit? |
|---|---|
| Speculators on the stock market | People in rural areas |
| Early immigrants | Coal miners |
| Middle class women | Textile workers |
| Builders | New immigrants |
Black Thursday brings the roaring twenties to a screaming halt, ushering in a world-wide an economic depression.
The 1920s, known as the Roaring Twenties, was a time of many changes - sweeping economic, political, and social changes. There were many aspects to the economy of the 1920s that led to one of the most crucial causes of the Great Depression - the stock market crash of 1929.
Jazz music became wildly popular in the “Roaring Twenties,” a decade that witnessed unprecedented economic growth and prosperity in the United States. Consumer culture flourished, with ever greater numbers of Americans purchasing automobiles, electrical appliances, and other widely available consumer products.
Historians now believe that the fatal severity of the Spanish flu's “second wave” was caused by a mutated virus spread by wartime troop movements. When the Spanish flu first appeared in early March 1918, it had all the hallmarks of a seasonal flu, albeit a highly contagious and virulent strain.
The influenza pandemic of 1918–19, also called the Spanish flu, lasted between one and two years. The pandemic occurred in three waves, though not simultaneously around the globe.
The 1918 influenza pandemic was the most severe pandemic in recent history. It was caused by an H1N1 virus with genes of avian origin. Although there is not universal consensus regarding where the virus originated, it spread worldwide during 1918-1919.
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