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Why did some industries prosper while some did not?

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by

Jack Gray

on 19 March 2013

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Transcript of Why did some industries prosper while some did not?

By Jack Gray and James Leadbeater Why did some industries prosper while some did not? Henry Ford and the automobile
industry The automobile manufacturing industry prospered the most during the 1920s. The price of cars dropped significantly so that ordinary people could afford them. One of the most famous car manufacturers was Henry Ford. By 1908, Ford had manufacturer the first ever 'Model T'. It is called the 'universal car' as it was specifically designed to be for the greater masses, and not just for the privileged few. From 1913, assembly lines had been made so that car production was more efficient. Unlike previous car production factories, Henry Ford's had a procedure that one man had a specific job in the assembly line. It was revolutionary in the manufacturing industry and significantly changed production efficiency. Those unaffected by the boom However, traditional industries, such as textile, coal mining and ship building, either grew or completely broke down. The coal industry failed due to the increasing use of electricity and oil for heating, which meant that demand for coal decreased. This took away thousands of jobs for many men. The decline in agriculture during the 1920s No everyone prospered during the boom years. For the USA's farmers the 1920s were years of hardship and falling prices. Having benefited from high prices paid for their produce during wartime, farmers were ill-prepared to cope with the basic problem affecting agriculture - over-production. American agriculture was simply too successful: it produced more than the country could eat or use, and because of international competition and tariffs, it proved impossible to deal with the surplus by exporting it. Prices therefore collapsed an with them farmers' incomes. Which Americans did not benefit from the boom? The majority of the time the black people had the lower class, manual jobs. This was due to extended poverty from the slave trade. Working in the fields was one of the common jobs they had. It was not that they lacked intelligent to do the intellectual jobs, but that they suffered extreme discrimination and were seen as unfit to do such work which was usually occupied by middle-class, white Americans. Poverty in the USA During the 1920s, it was estimated that about 60% of the population lived below the poverty line.

In 1929, one third of all income in the USA was earned by only 5% of the workforce.

The poorest of the population were both living in the cities and countryside.
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