America's industry and farming had been growing steadily since the 1860s; they had huge resources (timber, coal, oil, iron); had a growing population with
immigrants willing to work hard; railway, mining and manufacturing sectors were doing really well and they believed in 'rugged individualism'.
The Boom
America began to mass produce so it didn't
cost as much to make a lot of Products. This
meant they could sell them at lower prices.
Therefore more people bought them (BOOM)
Tariffs were introduced to
encourage people to buy
locally. This kept more
money circulating in
America's own economy
As America's economy
grew people were
employed to build
skyscrapers which
provided a lot of jobs
and wages went up
More people had
more money, more
money in economy =
economic growth
'Hire purchase' scheme -
people weren't bothered
about being in debt to
companies and borrowed
money to buy radios,
vacuum cleaners, cars etc.
Women
Vote
In 1918,
American
women were
finally given the
right to vote
Men thought that
women's role was
to stay at home
with the children
cooking and
cleaning
The vote gave
women equal
rights to men
Work
Women didn't have equal
pay to men even when
doing the same job