HISTORY

america in the 1919-1929

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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.
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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.
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