The U.S. quickly and unenthusiastically became impressed into the role as a global leader. During the post-war era, until the peak of the depression in 1932, America witnessed remarkable progress technologically, economically, socially, and religiously. Industry developed time-saving devices that increased production while reducing costs. American stocks soared and a higher standard of living was attained. For the first time in its history America became a land of urban dwellers. The tremendous difference from tradition and custom due to progressivism and industrialization alienated many citizens. The United States' emergence as a world superpower, both economically and increasingly socially.
During the early 20th century, Henry Ford became the industrial Gods. During the 1920s, automobile registration increased three-fold from 8 million to 23 million. It unified distant communities and brought America together. The perfection of the assembly line and utilization of interchangeable parts destroyed. The new advances reduced the amount of hours and cost put into production.
On the home front electricity, vacuums, washing machines and a wide range of electric appliances reduced the amount of house chores. The key to this tremendous prosperity of the 1920s was the enormous increase in efficiency of production. Over a period of 15 years America streamlined its industry and became more successful in a new global market.
In 1914 the Gross National Product of the United States was roughly $30 billion. By 1929 it had risen to almost $100 billion. Such a distinctive expansion was due to the consolidation of business and their entrance into the world market. After WWI Germany was faced with a tremendous reparation bills, The Dawes Plan and the Young Plan, to pay off its debt Germany borrowed from the U.S. and paid other winning European countries in WWI, who then repaid debts to America. Thus a cash cycle was...