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Historical - Essay Example

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It is widely held that the 1920s was the turning point in American culture and the culmination of a number of economic, social and economic activities practiced and accepted today as the norm. It is in the 1920s that American life changed, courtesy of new technologies and it was…
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Download file to see previous pages ample, many businesses flourished in the 1920s as subsequent governments adopted the pro-business stance leading to the growth of industries in the manufacturing, aviation, automobile and chemical sectors. In fact, automobile production per year increased threefold, leading to more than 50% of American households owning cars (Foner 610).
In my opinion, true American entrepreneurship was born in the 1920s. That is, American entrepreneurship where tenacity, grit, street smarts, education, ambition and opportunity could lead to success on a far wider scale than ever imagined before in a capitalistic system. Many of the entrepreneurs found today have partly modelled their success in accordance to some of the entrepreneurs found in the 1920s. For example, the Prohibition era provided an opportunity for many individuals to become rich. For those who owned establishments such as speakeasies or those responsible for bootlegging, a lot of money was made. The period also witnessed massive rural to urban migration as farmers form the Southern states migrated to cities such as Los Angeles to work in textile and automobile industries, while others found employment opportunities in Hollywood. Indeed, everyone wanted a piece of the American dream (Foner 613).
Even though there was far more rampant public corruption in the 1920s as gangs and criminals bribed city officials, the ability to spot an opportunity and utilize it to its maximum, is a trait that is seen today, as companies and multinationals try to exploit every little opportunity for profit. In the 1920s, liquor and prostitution based businesses reaped millions of profits in dollars. However, it was not just illegal business that flourished, even legal ones such as multinationals gained footholds in international markets, marking a shift from Internationalism to Isolationism (Foner 618).
The celebrity culture present today also has its roots in the 1920s. As more people began to adopt more lax economic principles, ...Download file to see next pagesRead More
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