A few call the 1920s the roaring 20s. I personally think so because the war experienced just ended and many troops are rebounding. People started out businesses and were undertaking quite well and so the people have money to spend. The 1920s was also a moment for new inventions and technology, such as the invention of the assembly line, which built production much cheaper and quicker. Another reason for what reason the twenties was in the upswing is because people acquired money and lots of invested in the stock market using the economy in full drive.
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Therefore the 1920s was a time of prosperity everything working in a cycle benefiting everyone.
Because the military were coming back from the conflict, people had a sense of settling down and enjoying life. Online businesses were discovered therefore creating more job in turn people had additional money to spend and creating a high demand on a lot of products including cars, newspaper publishers etc . Such businesses that brought our economy in an upswing was that of oil and gas, hydro electric power, newsprint, and mining.
There was a demand of oil and gas since people can pay for cars and need gasoline and lubricating oil for cars. The necessity for electrical energy also substantial because people start to buy and use electric appliances including lamps, telephones, radios, and electric ovens. In conclusion due to the attitude of the people who want to make a happy life they also helped bring the economy up by creating businesses and jobs.
The 1920s was also a moments of exciting fresh inventions to generate life far more convenient. New technology was widespread by the average person. Such new inventions and technology consist of telephones, autos, and aircraft. All these new machines produced life less difficult either by connecting two people verbally or shortening the time it takes to go to a certain vacation spot. The invention with the assembly line was also a big success as it made creation much more cheaper and faster.
But this also resulted in the people whom assembled the vehicles would be fired, for that reason not all innovations are all useful which mean sacrifices must be made. The world also benefited from this period when Frederick Banting from Toronto found out insulin which will would help a lot of people in today’s as well as in the future. In the end, now of upswing brought many new inventions and discoveries that would benefit generations to come.
As persons made more cash they committed to stocks and boosting the value of such companies. Prices jumped and many persons became abundant overnight. But as people are blindly buying stocks thinking that they are guaranteed to turn into rich, they don’t know the big crash that is awaiting these people. And is which one of the explanations why the 1920s led in to the great depression. Consequently people experienced much money to spend which went right back into the companies through stocks creating a self-sustaining cycle.
Although the 1920s may is very much all-positive, there is also a darker aspect of the twenties. Due to the forbidance laws, alcohol was against the law. The twenties gave beginning to bootleggers and gangsters, which is still a problem to this date. Chenapans based their businesses upon bootlegging, wagering, prostitution, and drugs. They damaged families to make many persons alcoholics and drug addicts. However, police could hardly stop these kinds of organized criminal offense since the crapule have enough money to bribe crooked cops. Quite simply, they were above the law. Therefore the 1920s was obviously a time of organized crime and a big portion of money entered the business of gambling and illegal liquor.
The 1920s is a moments of prosperity and new expect, new businesses being created along with fresh jobs. New-technology and pioneering the beginning of these types of new innovations made existence in the 1920s much easier and interesting. The stock market likewise created possibilities for people to invest in companies and several people would become wealthy overnight. Therefore “The Roaring 20s fits its period as a time of new strength and abundance.
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