These new industries created what became known as a consumer economy, an economy based on the manufacture of goods and services that are purchased and used directly by individuals for consumption. But the consumer economy was in its infancy in the 1930s, and most people were too poor to enjoy it.
The 1930s were a turning point for the economy of the United States. In the nineteenth century, the economy had been driven by heavy industry and by the expanding frontier.
The 1930s saw the birth of a new kind of capitalism, based on service industries such as medical care and entertainment, and on consumer products like radios, televisions, refrigerators, and washing machines.
In the nineteenth century, the economy had been driven by heavy industry and by the expanding frontier. As the nation grew, it demanded more goods. From railway lines to locomotives, ships, and building materials, American industry was working at full tilt. World War I helped continue the trend, but by the end of the 1920s things had changed.
The Historical Events Found in To Kill a Mockingbird by Harper Lee 682 Words | 3 Pages. Mockingbird. The setting of the book is the 1930s, because this was an important decade of change for America.
The 1930s were a very difficult time in the United States. After the stock market crashed in 1929, the country was on its way to the worst financial crisis in U.S. history. It was not all bad, though, and there were also many great achievements in the 1930s.
1880s; 1890s; 1900s; 1910s; 1920s; 1930s; 1940s; 1950s; 1960s; 1970s; 1980s
The 1930s were a turning point for the economy of the United States. In the nineteenth century, the economy had been driven by heavy industry and by the expanding frontier. As the nation grew, it demanded more goods. From railway lines to locomotives, ships, and building materials, American industry was working at full tilt. World War I helped continue the trend, but by the end of the 1920s things had changed. The American economy no longer demanded enough goods to keep heavy industry in business on such a large scale. By 1931, most of the railroads had been built, and even the automobile industry was struggling. With less money to spend, people kept their cars longer, put them in storage, or simply went without. Agricultural products, oil, and coal flooded the market and prices fell. The old economy had almost stopped working.
The 1930s saw the birth of a new kind of capitalism, based on service industries such as medical care and entertainment, and on consumer products like radios, televisions, refrigerators, and washing machines. These new industries created what became known as a consumer economy, an economy based on the manufacture of goods and services ...
By improving access to electricity around the country , the New Deal also created a market for electrical goods. The new economy led to major changes in the workplace. Historically, the United States has suffered some of the bitterest industrial disputes in the developed world.
From railway lines to locomotives, ships, and building materials, American industry was working at full tilt. World War I helped continue the trend, but by the end of the 1920s things had changed. The American economy no longer demanded enough goods to keep heavy industry in business on such a large scale. By 1931, most of the railroads had been ...
Government policy helped as well. President Franklin D. Roosevelt's economic plan, the New Deal helped the construction industry by funding new public buildings.
In the 1930s, workers at Ford's River Rouge plant in Michigan were paid extra to spy on their coworkers. In Chicago, Minneapolis, San Francisco, and elsewhere, protesters were injured and killed by hired thugs. During the Allegheny coal strike of 1934, strikers' homes were bombed.
Canned and frozen food became popular, and consumers began to worry about the safety of processed food. Meanwhile the chemical and oil industries produced new fuels needed for the growing aviation industry and new materials such as rayon and nylon. These materials led to new products and markets.
The 1930s were a turning point for the economy of the United States. In the nineteenth century, the economy had been driven by heavy industry and by the expanding frontier. As the nation grew, it demanded more goods. From railway lines to locomotives, ships, and building materials, American industry was working at full tilt. World War I helped continue the trend, but by the end of the 1920s things had changed. The American economy no longer demanded enough goods to keep heavy industry in business on such a large scale. By 1931, most of the railroads had been built, and even the automobile industry was struggling. With less money to spend, people kept their cars longer, put them in storage, or simply went without. Agricultural products, oil, and coal flooded the market and prices fell. The old economy had almost stopped working.
The 1930s saw the birth of a new kind of capitalism, based on service industries such as medical care and entertainment, and on consumer products like radios, televisions, refrigerators, and washing machines. These new industries created what became known as a consumer economy, an economy based on the manufacture of goods and services ...
By improving access to electricity around the country , the New Deal also created a market for electrical goods. The new economy led to major changes in the workplace. Historically, the United States has suffered some of the bitterest industrial disputes in the developed world.
From railway lines to locomotives, ships, and building materials, American industry was working at full tilt. World War I helped continue the trend, but by the end of the 1920s things had changed. The American economy no longer demanded enough goods to keep heavy industry in business on such a large scale. By 1931, most of the railroads had been ...
Government policy helped as well. President Franklin D. Roosevelt's economic plan, the New Deal helped the construction industry by funding new public buildings.
In the 1930s, workers at Ford's River Rouge plant in Michigan were paid extra to spy on their coworkers. In Chicago, Minneapolis, San Francisco, and elsewhere, protesters were injured and killed by hired thugs. During the Allegheny coal strike of 1934, strikers' homes were bombed.
Canned and frozen food became popular, and consumers began to worry about the safety of processed food. Meanwhile the chemical and oil industries produced new fuels needed for the growing aviation industry and new materials such as rayon and nylon. These materials led to new products and markets.