Boston Tea Party – During the period in …show more content…
Afterwards, this production power was utilized to create new products, such as the radio. This radically changed the way that citizens could receive news and listen about events that took place hundreds of miles away. Products like radios or car were purchased by Americans on installment plans, which gave Americans more purchasing power than they would have by themselves. This allowed companies to continue to churn out more goods and these goods would be able to be continuously bought by the public. Another aspect to economic boom of the 1920s was the advancement of conservative economic polices spearheaded by President Calvin Coolidge. Coolidge was able to follow the mantra of “the business of America is business” and thus was able to push the government to work in favor of business. This helped to create a more favorable environment for the growth of businesses, and therefore the economy, in the United States during this time