U.S. Technological Advances 1925-1950
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Technological Advances From 1925-1950
This country has seen some of the most dramatic changes in technology, the economy, and global dominance to ever occur in America’s history. Times were good during the 1920s as the economy was booming and unemployment was low. However, the market was being overinflated and the pace of economic growth could not be sustained and in 1929 the stock market started dropping significantly. The entire country turned into a panic and the whole economy was being dragged down while unemployment skyrocketed. During the 1930s, America went through the worst depression in recent history. Lawmakers scrambled to figure out how to solve this problem and introduced several programs aimed at reducing unemployment. The economy was still struggling and then Pearl Harbor was attacked. This event caused the United States to enter the war that was going on and factories started full-production of military vehicles and equipment. The technologies developed during this time period provided a means of higher efficiency to bring the country into economic and military dominance in the post-war world.
During the 1920s America went through one of its most economically prosperous times. The number of businesses being opened grew every year until 1929 (Hughes & Cain, 2011). As manufacturing became more technologically advanced, new factories were being propped up at a high rate. Innovations such as the assembly line at Ford proved to be very successful and profits were high. Then the stock market crash occurred. In October of 1929, the losses in the stock market were fourteen percent of that year’s total GDP (Hughes & Cain, 2011).
Although an economic depression was forming, inventors were still able to create new innovations. In 1929 Freon was invented by Charles Midgley Jr. and Charles Kettering. Before Freon was invented, toxic gases, ammonia, methyl chloride, and sulfur
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Technological Advances From 1925-1950
This country has seen some of the most dramatic changes in technology, the economy, and global dominance to ever occur in America’s history. Times were good during the 1920s as the economy was booming and unemployment was low. However, the market was being overinflated and the pace of economic growth could not be sustained and in 1929 the stock market started dropping significantly. The entire country turned into a panic and the whole economy was being dragged down while unemployment skyrocketed. During the 1930s, America went through the worst depression in recent history. Lawmakers scrambled to figure out how to solve this problem and introduced several programs aimed at reducing unemployment. The economy was still struggling and then Pearl Harbor was attacked. This event caused the United States to enter the war that was going on and factories started full-production of military vehicles and equipment. The technologies developed during this time period provided a means of higher efficiency to bring the country into economic and military dominance in the post-war world.
During the 1920s America went through one of its most economically prosperous times. The number of businesses being opened grew every year until 1929 (Hughes & Cain, 2011). As manufacturing became more technologically advanced, new factories were being propped up at a high rate. Innovations such as the assembly line at Ford proved to be very successful and profits were high. Then the stock market crash occurred. In October of 1929, the losses in the stock market were fourteen percent of that year’s total GDP (Hughes & Cain, 2011).
Although an economic depression was forming, inventors were still able to create new innovations. In 1929 Freon was invented by Charles Midgley Jr. and Charles Kettering. Before Freon was invented, toxic gases, ammonia, methyl chloride, and sulfur
Bibliography: Columbia Encyclopedia. (2013). The New Deal. America 1900-1950. Retrieved from http://www.questia.com/library/history/united-states-history/20th-and-21st-century-u-s- history/america-1900-1950/new-deal Garner, J. (2009, March 30). The development of technology in 1900-1950 and 1950-1960. Yahoo! Contributor Network. Retrieved from http://voices.yahoo.com/the-development-technology 1900-1950-1950-2931888.html Hughes, J., & Cain, L. P. (2011). American Economic History - 8th Edition. Pearson. Merriam-Webster. (n.d.). Freon. Dictionary. Retrieved from http://www.merriam- webster.com/dictionary/freon Shalett, S. (n.d.). On this day. New York Times. Retrieved from http://www.nytimes.com/learning/general/onthisday/big/0806.html University of Missouri. (2001). Technological and other innovations, 1925-1950: Agricultural. University of Missouri. Retrieved from http://web.missouri.edu/~campbellr/Book/Chapter16.htm Wright, G. (2009, March 28). The New Deal and the modernization of the south. Stanford University. Retrieved from http://www.stanford.edu/group/siepr/cgi- bin/siepr/?q=system/files/shared/pubs/papers/pdf/08-042.pdf