1920s economy essay
In Trailmobile introduced the first four-wheel trailer designed to be pulled by a truck tractor unit. Hispanics were not restricted.
Nothing could have been further from the truth. District Court decided that under the Radio Law of Herbert Hoover, the secretary of commerce, did not have this power.
Effects of the economic boom 1920
Few extensions of track were proposed, but as time passed, abandonment requests grew. Unskilled males received on average 35 percent more than females during the twenties. These spread rapidly, and by gasoline companies were beginning to introduce their own filling stations or contract with independent stations to exclusively distribute their gasoline. Due to mass consumerism, most families owned a radio, and not only owned but used it often. In October , a few companies reported lower profits than expected, this proved to be a trigger for a dramatic change in market sentiment. Widespread adoption of machines and appliances by industry and consumers then rested on an increase in the array of products using electricity as the source of power, heat, or light and the development of an efficient, lower cost method of generating electricity. Ford's Car Factory Laissez-Faire. Because of the difficulty and cost in making these calculations, rates tended to be in the hands of the electric utilities that, it has been suggested, did not lower rates adequately to reflect the rising productivity and lowered costs of production. There was considerable variation in the growth of the industries and shifts in their ranking during the decade. Increasing competition and falling profits led filling station operators to expand into other activities such as oil changes and other mechanical repairs. The changing role of women[ edit ] Map of local U. At a predetermined higher price the pool members would, within a short period, sell their shares and pull out of the market for that stock. Women bought Vacuums, washing machines, and refrigerators to do the work women had done by hand in the past.
This encouraged greater spending through credit. The development of consumer goods, such as fridges, typewriters, radios, and cars, created jobs and helped the American economy grow. They often failed to secure sufficient funds in the case of bad debts.
The change in transportation was even more remarkable. The largest broadly defined industries were, not surprisingly, food and kindred products; textile mill products; those producing and fabricating primary metals; machinery production; and chemicals.
Jerome reports that the glass in electric light bulbs was made by new machines that cut the number of labor-hours required for their manufacture by nearly half.
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