History coursework America depth study boom the wall street crash the roaring 20’s - page 1
Keywords: History coursework America depth study boom the wall street crash the roaring 20’s
By George1660 on 27/05/2009
Level: GCSE Key Stage 4 (Years 10-11)
Page Number: 1 of 2 pages: 1 2
History coursework America depth study boom the wall street crash the roaring 20’s
The word ‘boom’ means many things in accordance with America’s success in the 1920’s. Boom meant that America was on the rise, it meant that its economic system was growing. This meant that more jobs were created people were spending more and new industries and fashions were coming into place. With more people spending more money was being pumped into America economy this was the main drive of the boom. The boom meant unemployment was less than it had been before as more people were in work. The boom also meant the end for some things old industries and traditions were on the way out.
The main features of the roaring twenties were mainly to do with new industry and employment. For example a new industry to come into existence was the introduction of the motor car. Henry Ford the creator and owner of the company produced vast amounts of cars to sell to the American public. With loads of jobs being created in new industries like this Americans had more money to spend on luxuries such as cars, fridges and radios. Confidence in the banking system also was also key to the boom; American’s trusted the banks and also had faith in the stock exchange. They invested their money into businesses on the stock exchange and this in turn had a positive effect on the businesses. The prices of shares were rising and everyone seemed to be making a profit. Another feature of the boom was America natural resources and industrial power, with so many natural resources America could supply other countries with goods as well as providing for itself. This was a huge bonus for America.
In Terms of America’s collapse, economic depression means the downturn in America fortunes after the Wall Street crash. It involves the loss of millions of jobs, the poverty that follows that and the overall effect of the Wall Street crash. The crash affected many Americans with millions being wiped of the value of shares. Life savings were ruined and people couldn’t afford to pay back loans, overdrafts etc. In the matter of days people’s lives were changed. So basically economic depression means America’s money and wealth being wiped out.
The main features of the New deal were the Alphabet laws. When Roosevelt came to power he was granted the ability to pass any
Last 5 comments…
There have been no comments posted for this article, but you need to register if you want to be the first!