American exports to China included kerosene and cigarettes. At the beginning of the 1920s, a number of automobile companies had competed for customers' business. In Germany, Hitler used the Jewish people as a scapegoat for all of Germany's problems. Increasing numbers of Americans owned stock and, between 1962 and 1968, stock market growth outdistanced the booming market or bull market of the 1920s. The bestseller lists of the 1920s featured novels that were destined to become classics, such as Sinclair Lewis's Main Street 1920 , a critique of small town life and society, and Ernest Hemingway's The Sun Also Rises 1926 , the story of expatriate Americans in France and Spain after World War I. They believed that such corporations not only threatened society's weakest members but also unfairly limited competition by pushing smaller companies out of business. Coolidge deserves considerable credit for the economic success of the 1920s.
Advances in technology, mass production, and new advertising methods led to a vibrant consumer culture. On the stage, playwrights turned their attention to topics that had not been addressed before. They wanted the freedom to choose their own lifestyles, to pursue professional careers, and to have alternatives to being full-time homemakers. Economic Boom 1920s Fact 15: The movie stars contributed to the economic boom in other ways. Science and the public health Science, medicine and health advanced remarkably during the roaring twenties. In the end, the reduction in taxes combined with increased military spending outweighed the spending reductions on domestic social programs.
It profited from its innovative films at the box office. Until that time, American life seemed fundamentally sound. In contrast, 1929 witnessed about 289,000 workers or 1. By the early 1920s, the economy was booming. First part-talkie released in 1927, first all-talking feature released in 1928 and first all-color all-talking feature released in 1929. Their popularity peaked in the late 1920s and reached into the early 1930s.
At the end of the decade, the median American family had 30% more purchasing power than at the beginning. Instead businesses were left to their own devices, with the blessing of the federal government. Business ethics collapsed and corruption was widespread at high levels in politics and business, leading to some high profile trials. Early in the 1920s the U. At the same time, new were constructed. Instead of turning away from big public works projects, he instead invested federal money in the Interstate Highway System, one of the largest public spending projects in the country's history.
When consumer goods became available again, people wanted to spend. Everything from sugar to gasoline to tires to nylon stockings were rationed. She was the one to introduce a different aesthetic into fashion, especially a different sense for what was feminine, and based her design on new ethics; she designed for an active woman, one that could feel at ease in her dress. Mencken criticized narrow American tastes and culture in essays and articles. It also led to shifts in the population from rural to urban areas. This led to a Boom or an increase in the amount of goods being made and sold by American businesses.
By 1935, however, 10 million were still unemployed, the economy seemed lodged at a new plateau, and the U. Both Harding and Coolidge seemed much more concerned about business. Mix hundreds of millions of dollars in petroleum reserves; rapacious oil barons and crooked politicians; under-the-table payoffs; murder, suicide, and. Calvin Coolidge, who succeeded to the office on Harding's death 1923 , worshiped business as much as he detested government. With the European demand gone, there was an oversupply of food in the United States, and prices dropped dramatically. Tourism gained an enormous boost, with hotels, restaurants and curio shops proliferating.
The Federal Housing Administration and the Veteran's Administration both offered low-interest loans to allow families to buy new homes. Small farms, and a cherished American way of life, were becoming extinct. Museums and performing arts organizations were unable to meet rising expenses solely on the basis of ticket sales or admission fees. In 1928, the film studios later known as , , , and signed an agreement with Electrical Research Products Inc. Industry and business leaders such as automobile manufacturer were not the only ones to adopt Taylor's ideas. Female employment grew slowly in the 1920s, mostly in occupations traditionally identified with women — office and social work, teaching, nursing, and apparel manufacturing — and women who worked were usually single, divorced, or widowed.
The recently formed fringe a. Women gained the right to vote in most countries. The unions were much less able to organize strikes. The was now dominated by men who considered business the lifeblood of the. The Ku Klux Klan, stronger in the northern Republican countryside than in the South, attacked the so-called New Negro, who returned from the fighting in France with a new sense of personal dignity the Harlem Renaissance expressed this spirit through the arts , and the millions of Roman Catholics and Jews who had been flooding into the country since the 1890s. Margaret Sanger, who had first promoted birth control before World War I as a means of sparing poor women from unwanted pregnancies, argued that the diaphragm gave women more sexual freedom.