The Roaring Twenties
Published on May 09, 2016
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The Roaring Twenties
The end of WWI lead to a time of prosperity in the U.S.
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Factories that had previously produced supplies for war began making consumer goods
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Americans had electricity and many invested in time saving consumer goods like refrigerators and vacuum cleaners.
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People began buying cars and shopping in department stores.
The middle class grew. Men worked as doctors, lawyers, small business owners and company managers.
Modern Women
Families began shrinking and house work became easier with new technology.
Women began to work outside of the home. At this point 25% of the workforce was women.
However, most women who worked outside of the home worked in occupations like domestic service and teaching.
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Prosperous Times
By the middle of the 1920's the country was as prosperous as it had ever been.
Manufacturing was becoming more efficient.
Henry Ford created the Assembly Line.
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Workers were more could produce more goods with less effort and time.
Therefore companies could sell more and had money left over to pay their workers increased wages.
Stores began offering credit and installment payments to encourage people to buy.
The Stock Market Booms
When companies want to raise money they sell shares of their business on the Stock Market.
Investors were so eager to buy stocks that they used "margin buying."
This means that they paid for a portion of the stock and borrowed the rest from stockbrokers.
The stockbrokers in turn were borrowing from banks.
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