HISTORY america in the 1919-1929 1.5 / 5 based on 3 ratings ? HistoryThe USA - twentieth century changeGCSEAll boards Created by: Annabelle Mackinnon- AustinCreated on: 05-05-11 10:07 Why Did The American Economy Boom In The 1920's? America had great industrial strength, it was rich in resources, with a growing population. Immigration from europe provided cheap unskilled labour. It didn't import any raw materials but only exported all it's goods. By the time of the first world war america led the world in industry. It had massive steel,coaland textile industry, and the world's leading oil producer. 1 of 2 Impact Of The First World War At the end of the first world war in 1918 most european countries countries were in ruins. Britain and France were heaily in debt and sill borrowing as they needed money to rebuild their countries. 2 of 2
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