Why Was America Prosperous In The Twentieth Century

1. Core Goods

1.1. America was prosperous because of many of it resources like Oil, Gold and Coal

1.2. This was later used in the trading of goods like exotic fruit that were not available in the USA.

1.3. America became frivolous with its spendings

2. Effects Of The First World War

2.1. Since the war didn't happen on American Soil. America was in much better shape than Europe

2.2. So therefore finically America was in a better place than Europe

3. Technological Advancements

3.1. In order to masse produce; the production line had to evolve so the mass production line came in existence

3.2. The line was a means of producing produce in a fast and efficient manner

4. Taxes

4.1. Taxes were reduced so more people could invest in Business and more regular people could buy stock and own small percentages of major companies

5. Mass Production

5.1. Henry Ford developed a new form of production

5.2. By producing a good on a large scale and a lower price reduced the price of the rival goods and allowing more people buy yours

6. Advertisements

6.1. In order for people to even know about new producer they had to be informed about them

6.2. This where the method of shopping form catalogues came in to place. People were now able to browse though catalogues and choose what they want to buy.

7. Laissez-Faire

7.1. The Republican Presidents believed in giving the economy freedom to develop itself

8. The Tariff Act

8.1. A toll was imposed on imports

8.2. This way persuading countries in Europe that who were suffering the aftermaths of the war to buy form America