History Of Journalism

Economic Boom of the 1920sOnly those who know little or nobody about economics and the very napve did not know in the year 1925 that economic hard times follow level-headed times as economic booms and slumps be cyclical . unflustered , there were various reasons why even seasoned economists may have speculated that economic prosperity of the 1920s would continue eternally . Machinery manufacturing plants and the process of standardized mass production were the main reasons for the exhilaration of the 1920s (Schultz and TischlerIn fact , the economy of the United States continued to evoke until 1929 . The First World War had wind industry to set off . Labor shortages coupled with the need to increase production had steamy the development of efficient modes of production .

Taylorism or scientific heed to streamline processes of production in to increase production efficiency had been introduced around the country With new machinery and management tools , worker productivity was raised This rise in productivity increased allowance , thereby increasing consumption . Americans were also encouraged to consumption credit to fuel consumption at the time . The instalment plan was an innovation of the 1920s . What is more , the government support businesses by raising tariffs on foreign goods , reducing person-to-person income tax and corporate tax , repealing taxes on profits , and sounding into unfair trade practices as a means to encourage businesses to expand (Schultz and TischlerThe consumer psychology in 1925 was another reason why many may have reasoned that economic slumps are a thing of the past . Americans had...If you want to get a full essay, order it on our website: Ordercustompaper.com

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