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Without the new automobile industry, the prosperity of the 1920s would scarcely have been possible.
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History essay "Without the new automobile industry, the prosperity of the 1920s would scarcely have been possible." Introduction Before answering this question we have to see what happened during the boom and what caused it. The USA was a very big country with a vast population and it had a larger and growing home market. It had all of its raw materials within the country itself, ad so did not rely on trade. It had many new industries and technology such as cars and telephones for its country which had adopted a new phase in which Americans changed their state of mind from saving their money for a rainy day, to spending the money now to make their homes look better and be full of consumer goods. America's Agriculture was very efficient too with the farmers producing more then they could sell. The 1920īs boom was created by several factors. The presidents...
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