Essay about The Roaring Twenties of the United States

The Roaring Twenties of the United States By the end of the First World War America was regarded as the most powerful and richest country in the world. In the 1920 ´s the United States economy was booming. This is a period of prosperity, when the country ´s economy is doing well and the people are sharing in it. This period was known as the roaring twenties ´. In this period many jobs were made more secure, many families had more to eat, electricity was widespread, many people had more leisure time and most had†¦show more content†¦Also due to America ´s size and huge population there was a massive internal market. This meant that Americans did not have import or export their goods and waste their money doing so. Americans could sell their goods to their own p eople and America also did not need to import, as it was full of resources. There was no need for an external market. America did not need to rely on other countries, America could make money even when other countries did not. One of America ´s main advantages was that she had everything she needed inside her borders. America ´s natural strength made it seem likely that the boom was always going to happen in America. The main turning point or catalyst of the boom was the First World War and American Isolation. In the First World War America lent millions and millions to Britain and France, they would then be paid back with interest on top of the original money lent. America also exported many of its good and products such as munitions and arms to Britain and France. This was known as One Way Trade and it gave a real boost to American industry. America got rich while the European countries were busy fighting. America took over British and French markets by exporting goods to their colonies as Britain and France were too busy fighting. America also took over GermanShow MoreRelatedThe American Dream And The Roaring Twenties1336 Words   |  6 PagesDream and the Roaring Twenties The 1920’s was knows as the Roaring Twenties or the Jazz Age because of all the dramatic political and social change, more people lived in cities rather than farms, and the nation’s wealth doubled between 1920 and 1929. There were many new technological innovations and many factors that made the United States the place to be to find the â€Å"American Dream†. The 1920’s were known as the Roaring Twenties or The Jazz Age because of many things. The roaring twenties was a differentRead MoreCinderella Man And The Great Depression991 Words   |  4 PagesThe Nineteen Twenties were an alluring, yet laborious, time for The United States as the country faced the Roaring Twenties, Great Depression and New Deal. Before the Great Depression, the United States have been a time of prosperity and originality. 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