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To what extent was America in the 1920s a land of economic prosperity?
- Words:
- 649
- Submitted:
- Fri Feb 27 2004
Have a little read: ... To what extent was America in the 1920s a land of economic prosperity? Few historians can doubt that America was a land of economic prosperity in the 1920s but there is still some controversy to the extent in which such prosperity extended to all sections of American society. Many factors contributed to such prosperity. The economic boom was fuelled by rich natural resources such as oil, coal, iron and gas. The USA also led the world in most areas of industry. It was foremost in developing new technology and its film industry was growing rapidly. America also made money out of the war and its decision to remain neutral was an economic masterstroke since it sold guns and ammunitions to the Allies as well as loaning them money which America got back with favourable interest. Government policies also helped the boom. The government supported businesses and helped raise wages which led to more
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