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The New Era (1920s) - Essay Example

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Name Professor Course Date The New Era (1920s) Question 1: The Twenties In many ways—both economically and culturally—the 1920s were America’s first modern decade: What were the sources of 1920s prosperity? The major boosters of the US 1920s economic prosperity encompassed the then technological advancements besides the then effective corporations’ policies…
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The New Era (1920s)
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Download file to see previous pages Since, traders normally competed to give the best despite the absence of antitrust laws. This yielded to the creation of employment especially among those who belonged to the lower classes. Technological advancements especially in the second wave of Industrial Revolution, which encompassed of mass line production of the automobiles, also had a great impact on the economy’s prosperity. This knowhow transformed the natives’ lives besides making diverse activities run faster. For illustration, in transport sector where both the mobility of merchandise and people increased, hence cutting down production costs besides saving time. People working in various corporations were able to commute from their diverse states’ regions to towns with ease and fast. Because many workers owing to automobiles’ line mass production and low cost involved in the process, were able to afford cars. Moreover, automobile’s knowhow also boosted the agricultural sector, which supported the state’s population. This was due to the increasing utilization of tractors and other machinery to heighten the farmers’ productivity thus enabling the population to eat right. Large and stable corporations owing to the low cost of production were then able to offer decent salaries and wages ($5 per day) to their staffs thus uplifting their lifestyles. Therefore, workers were able to afford numerous luxuries coupled with holiday vacations, which they had yearned for especially after WW1. This trend prompted other corporations to emulate the same and yielded to the heightening of the people’s living standards besides the state enjoying high revenue. Additionally, the emergence of electricity and its related products’ corporations also contributed to the state’s economic prosperity. This is because the erection of the first electric plant resulted to the easing of transportation besides its utilization in diverse areas like corporations, homes and offices. For instance, the expansion and growth of mass entertainment was due to the emergence of electric power, which gave rise to night recreation and nightlife. This yielded to more revenue to the state besides numerous industries turning to a twenty-four hours production system. Owing to the pre-wired houses that were cheap then, electronic related companies also benefited from high demand for their appliances. Since, the availability of electricity in their houses prompted appliances like refrigerators, coolers, vacuums and other power-depended machines become useful. Eruption of numerous corporations also offered employment to numerous people like those dealt with steel, chemical, rubber, glass, and paint. Consequently, this stabilized the states’ economic base apart from those of its natives contrary to the prior years. Did affluence reach all classes? Despite the flourishing US economy in 1920s, not all classes enjoyed its benefits owing to racial discrimination, which took the center stage. There was unequal income increment rates where the Blacks’ salaries were the lowest compared to their whites’ counterparts (though increasing at a low rate). Racism also characterized job posts where allocation despite US boasting of economic prosperity, some races could not assume top positions in diverse corporations. As a result, this led to the agitation of civil rights especially when the ...Download file to see next pagesRead More
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