Economic Growth the 1920s Saw Essay

Open, View, and/or
Download this Document

Total Length: 640 words ( 2 double-spaced pages)

Total Sources: 2

Page 1 of 2

S. economy from one with an emphasis on imports to one with an emphasis on exports. The shift to the gold exchange standard further facilitated this, as foreign exchange was ultimately converted to gold, and U.S. wealth grew rapidly in the 1920s (Smiley, 2010).

There were a number of beneficiaries from this economic expansion. On average, most Americans benefited from the expansion in terms of increased wealth and living standards and the federal government saw its revenues increase (de Rugy, 2003). However, wealth disparity grew rapidly during this period as well. By 1929, the richest one percent of U.S. households held 45% of national wealth, in stark contrast to the first one hundred plus years of the nation's history (DeLong, 1997).

Stuck Writing Your "Economic Growth the 1920s Saw" Essay?

View All Our Example Economic Growth the 1920s Saw Essay

Have A Custom Example Essay Written

With declining immigration and birthrates during the decade, the rise in economic wealth was nevertheless able to find its way to the pockets of working Americans, despite the increase in wealth disparity that was occurring.

However, when the 1920s ended, it became clear that some of those beneficiaries did not benefit much at all, as wealth in the middle class and lower class became substantially eroded by the onset of the Depression. At the time, benefits were widespread but only for the wealthier classes were those benefits substantial enough to weather future economic storms.

Works.....

Show More ⇣

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Economic Growth The 1920s Saw" (2010, November 04) Retrieved May 14, 2025, from
https://www.aceyourpaper.com/essays/economic-growth-1920s-saw-7115

Latest MLA Format (8th edition)

Copy Reference
"Economic Growth The 1920s Saw" 04 November 2010. Web.14 May. 2025. <
https://www.aceyourpaper.com/essays/economic-growth-1920s-saw-7115>

Latest Chicago Format (16th edition)

Copy Reference
"Economic Growth The 1920s Saw", 04 November 2010, Accessed.14 May. 2025,
https://www.aceyourpaper.com/essays/economic-growth-1920s-saw-7115
   

Open, View, and/or
Download this Document
order custom essay example