American Boom

To Conclude I think the most important factor that helped cause the Boom was the impact of the Great War. The reason for this was because it links with so many other events. It links with the change of government from Democratic to Republican, and this was important because the Republican Government made conditions perfect in America for the Boom. A democratic government may have got involved with businesses and restricted them from expanding unlike the republicans. They also may have taken some of the profits from rich businesses and companies and would have given it to the poor, so it was fair. This may have lowered the numbers of millionaires in America and people might have been more wary of spending their money, therefore businesses would also loose out. World War I helped enhance the feel good factor because everyone was ecstatic when the Great War was finally finished; this confidence gained from the feel good factor meant people were willing to spend more and more money. Important techniques which were invented and used in World War I were also passed down to the “Roaring Twenties” period, these techniques included assembly lines, mass production and propaganda, all of which helped encourage the Boom to take place.

Because America weren’t affected greatly by World War I, altogether they were in a better place than Europe, America didn’t need to spend money on getting their country back to its original state. Instead of spending money on developing their country they spent it on other things which they deemed more important, this included businesses and consumer goods. This money was money well spent and caused the economy to Boom in the 1920’s however America’s confidence was knocked as people began to worry about how much longer the Boom would last. People started to stop spending and America ended with the Wall Street Crash in 1929.