The economy of the USA grew quickly in the 1920s for five main reasons. This growth in the 1920s greatly affected the USA throughout the 20th century and today as the world superpower.
The USA had many natural resources, for example oil in Texas, coal in the Appalachian Mountains, and ranching in the Midwest and Great Plains. This meant there was no need to buy natural resources from other countries. Moreover the population of the USA was growing very fast making a very big market for natural resources inside the USA which grew quickly.
Below is a table in which the population growth in millions is shown in the 40 years after the 1920s:
During the First World War, the USA was selling lots of metal to Britain and France, and also weapons. The USA made a lot of money from this. Also, the USA took over Europe's international trade and became the world leader in; chemical manufacturing, explosives manufacturing, and plastics manufacturing, along with others. This was very good for the US economy.
The Republican Party at the time had policies which were very useful for a large economic growth:
1. The Republicans had a 'laissez-faire' way of thinking, which meant that the government would not stand in the way of people's lives and businesses. The Republican Party believed that this would create much profit, and it did.
2. The Republicans made 'tariffs', which meant that it cost a lot of money to buy products from other countries. This protected American businessmen from foreign competition. This also made the American people buy American-made products.
3. The Republicans lowered taxes, which was good for normal people, and even better for rich people. The Republican Party believed that low taxes would make people keep their money and spend it on American-made products and put money into American industries.
4. The Republicans allowed 'trusts'. Trusts were very large corporations, or businesses, which controlled almost all of a certain industry. Many people did not like these trusts as they did not want one corporation to control an entire industry, but the Republican Party said that a corporation would do business better than a politician. These trusts were very important in causing this economic growth.
There were also problems with the policies. During the 1920s, much of the wealth in the United States was controlled by only a few people. Also, farmers and other people who worked in the business of farming found it very difficult to make money and were therefore very poor.
The fact that there were new industries created new ways of managing industries. For example, new products such as telephones, radios, vacuum cleaners, washing machines, and others were being made on a large scale, but at a cheaper price. Very good advertising was also created for many products. The largest new industry in the 1920s was the motorcar industry. It had been made entirely different by Henry Ford. By the year 1929, 4.8 million cars had been made.
Hoover (vacuum cleaners) became a household name. The biggest growth was in radios. In 1920, there were 60,000 radios sold. By 1929, it was 10 million. The total production of American industry increased by around 50%.
At the time, most Americans believed that they deserved success. For example; a nice house, a good job, plenty to eat, and many consumer goods. The act of 'consuming' was seen as very American, and this belief that spending and consuming was Russian , had a huge impact on powering economic growth in the 1920s
White matter
The central nervous system is made of two types of tissue: white matter and grey matter. Grey matter contains nerve cell bodies, and white matter is made of the nerve fibres.
When a sample is freshly cut, it usually slightly pink in appearance (for both types). When preserved in formaldehyde, white matter appears to be almost white. White matter consists mostly of myelinated axons:. Myelin is a lipid tissue (a fat) with capillaries. It helps to keep the electrical in the nerve fibre. This is important for fast and accurate sending of signals. In the brain white matter is surrounded by grey matter most of the time. In the spine, white matter is outside, and grey matter inside: the myelin sourrounds the nerve cells, and helps the transmission of nerve signals.
White matter is used to connect different areas of grey matter. If a section of white matter is damaged, the brain may be able to find a different route to replace the lost connection. The brain contains a third kind of tissue, which appears darker. It is called substantia nigra, a part of the brain that is involved in pleasure & reward, addiction and movement.
Fefe Dobson
Fefe Dobson is a singer and songwriter from Canada. She has had several records, most notably her self titled debut album. This singer was born February 28, 1985. after her fruitful music career she ascended into internet stardom.
Achondroplasia
Achondroplasia is a form of Dwarfism. It is part of the chondrodystrophies or osteochondrodysplasias family which makes bones in a human's skeleton be too short or grow too slowly. It often affects the femur and humerus. It is caused by a dominant allele. That means only one parent has to have the gene. This gives a child a 50% chance of getting the condition. If both parents have the gene the chances are increased to 75%, but in 25% of the cases, it is very unlikely that the child would live more than a few months. However, the condition can also occur without either parent having the gene. Achondroplasia is caused by a change in the DNA for fibroblast growth factor receptor 3. This change affects the making of cartilage. Now that the part of the DNA that causes the condition is known, there is hope that new treatments may be developed.
Mason Jewett Field Airport
Mason Jewett Field is a public airport in the U.S. state of Michigan. It is one mile (1.85 km) southeast of Mason, in Ingham County. The airport is owned and operated by the Capital Region Airport Authority. The airport covers . The elevation is above sea level. The airport has one asphalt runway. There is no scheduled commercial airline service.
On December 16, 1943, Arthur Jewett bought of land for the airport. In 1944, the runway was built. In 1949 lights were installed on the runway. In March 1977, the Capital Region Airport Authority purchased the airport from Arthur Jewett.
Working Girl
Working Girl is a 1988 American romantic comedy-drama movie starring Melanie Griffith as a Staten Island-raised secretary working in a New York City bank. Also starring are Harrison Ford, Alec Baldwin, and Sigourney Weaver.
State capitalism
State capitalism is an economic system where the state government controls most or all steps of making a product. Capitalism is an economic system calling for the private ownership of factories and everything needed to make a product - called the "means of production".
In Free-market capitalism, "private ownership" means that one, or a few, private owners who own a business have control over the means of production, even though the workers are the people who "make" the products.
Patrick Stump
Patrick Vaughn Stump (born Patrick Martin Stumph on April 27th, 1984) is an American musician, best known as the lead singer, guitarist and composer of the American rock band Fall Out Boy. With the band he achieved widespread popularity and success. On January 2010 he announced he was working on a solo album after his band took a break in late 2009. He released his first solo song "Spotlight (song)" in two versions, "Spotlight (Oh Nostalgia)" and "Spotlight (New Regrets)" on November 29, 2010. On February 22, 2011, he released his first EP, "Truant Wave". He released his debut album called "Soul Punk" on October 18, 2011, of which he wrote every song, played every note, self-produced, and funded by himself.