1920s Economy : 3D Gallery

1920s Economy

The Roaring Economy of the 1920s. The 1920s have been called the Roaring '20s and for good reason. Not only was American culture 'roaring' in terms of style and social trends, but the economy was 'roaring' as well. The decade was a time of tremendous prosperity.

Laissez Faire

French for "leave alone" which means that the government leaves the people alone regarding all economic activities. It is the separation of economy and state. There are two ways that a government typically is tempted to interfere with the economy.

Farming in the 1920s

A farm crisis began in the 1920s, commonly believed to be a result of high production for military needs in World War I. ... Also, farm land prices rose 40 percent from 1913 to 1920. Crops of 1920 cost more to produce than any other year.

Railroad Industry

The railroad industry was one of the most important industries of the nineteenth century. By 1900, there were 200,000 miles of track crisscrossing the United States, compared with the 65,000 miles that had existed at the end of the American Civil War (1861–65). Not only could goods now be easily transferred from one far-flung place to another, but people could also communicate with residents of regions that had previously been far out of reach. In one way, that made the country seem smaller, but in another, it led to a new and important concern.

Currancy

During the 1800s the United States became an increasingly industrialized country. As the century progressed, major advances in technology brought machines that increased productivity. At the same time, new ideas about the efficient management of that production became popular.

1920 Economy

The story of the 1920s is in large part a story about money. After a few slow years at the start of the decade, money began to flow through many, though not all, people's hands. The flow continued right up until those fateful few days near the end of 1929, when it suddenly stopped.

Activies

Cars also gave young people the freedom to go where they pleased and do what they wanted. (Some pundits called them “bedrooms on wheels.”) What many young people wanted to do was dance: the Charleston, the cake walk, the black bottom, the flea hop. Jazz bands played at dance halls like the Savoy in New York City and the Aragon in Chicago; radio stations and phonograph records (100 million of which were sold in 1927 alone) carried their tunes to listeners across the nation

Radios

During the 1920s, many Americans had extra money to spend, and they spent it on consumer goods such as ready-to-wear clothes and home appliances like electric refrigerators. In particular, they bought radios.

Flappers

The most familiar symbol of the “Roaring Twenties” is probably the flapper: a young woman with bobbed hair and short skirts who drank, smoked and said what might be termed “unladylike” things, in addition to being more sexually “free” than previous generations. In reality, most young women in the 1920s did none of these things (though many did adopt a fashionable flapper wardrobe), but even those women who were not flappers gained some unprecedented freedoms.

1920 Economy

20s were an age of dramatic social and political change. For the first time, more Americans lived in cities than on farms. The nation’s total wealth more than doubled between 1920 and 1929, and this economic growth swept many Americans into an affluent but unfamiliar “consumer society.”

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1920s Economy

1920s Economy

Laissez Faire

Farming in the 1920s

Railroad Industry

Currancy

1920 Economy

Activies

Radios

Flappers

1920 Economy

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