The roaring 20's.

THE ROARING 20S The 1920s was the era of honourable feelings because everyone seemed to prosper due to the wonderful economy. brand-new inventions, such(prenominal) as cars, provided overbold jobs, which caused the unemployment rate to sea-coast down to a stainless 2%. There was such a surplus of jobs that it seemed to both(prenominal) bulk that in that location were more(prenominal) jobs than workers. In each year there was more business growth, lofty wages, and increased stock market trading. This, coup take with the tender accumulation line was trusty for creating many new jobs and high wages. Also, because of the assemblage line and softwood production, the price of items formerly reserved for the abstruse suddenly became cheap to the middle class. For example, the Ford simulate T dropped from $850 in 1910 to $295 in 1927. Higher wages and start prices conduct to a higher(prenominal) standard of living. Consumer trust and new advertizement strategies led to the switch of the old work ethic of besides kind of of overleap with consumerism. Because many people had doctrine that the economys successfulness could continue, barter foring on credit was introduced. Buying on credit allowed low and middle-income families to deal items that before were only for the wealthy. mint bought land, shares of stock, cars, radios, furniture, and appliances on credit. By 1926, 80% of American families had items that were bought on credit.

More people, purchase more costlys, meant more companies competing for consumers money, which led to new and better advertising. New advertisements did not say how good the product really was; instead they give tongue to what the buyer wanted to hear. For example, after perceive advertisements of beautiful houses, people started to buy land in Florida. On September 19, 1926 a shocking hurricane hit Florida. The houses that the people bought were destroyed, tho it turned... If you want to fix a full essay, order it on our website: Ordercustompaper.com

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