Automobile 1920s
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The effects of the automobile placed on the economy of the 1920s were a great impact. It set roads for the future. It was set to change the ways humans live. The research and development that led to the growth of the automobile industry caused many economic changes to the lives of American society of the 1920s. Now referred to as cars, it provides individuals with a source that can be used to travel long distances and interact with individuals across nations. Without cars society would not be able to interact, have mass amounts of international business, trade and would have less of countries GDP (Gross Domestic Product). Areas of business such as, the automotive industry were the base of the start of joint ventures, the stock markets growth and the lifestyle of American individuals. The downfall was that the automobile industry had negative effects on the economy. These can be analyzed by referring to the effects on pollution, gas use, industries, car accidents, and economic factors of the 1920s.
The enhancement and improvements in cars led to a wider span of population diversity within all parts of the world. Individuals were able to travel long distances and interact with individuals across borders. The large amount of human interaction led to a greater population growth percentage. As the car became a symbol of wealth in the 1920s, more and more individuals started to purchase cars as the automobile industry grew and so did the wealth of individuals. More cars on being purchased led to many changes to America society infrastructure weather climate change and the mobility of human life. As consumers started to purchase vehicles of great variety, more roads needed to be available within the economy in order to meet the needs of licensed cars. Cheaper cars like the Ford model T.12 were being purchase in the quantity of millions, to be specific to 10 million purchased within the 1920s. The wealthy government set out many plans to improve infrastructure by building new roads and pathways for vehicles to travel from one destination to another. At this period of time, Canadas economy was a great source for investors to start business with the American society because people had money to spend, there was low unemployment rate and money was circulating within the economy to meet the demands of individuals. With more cars being used within the continent which used gasoline, extracted from crude oil caused there to be a high demand of this resource. Different continents including North America need to trade internationally in order to meet the demand of the petroleum and crude oil industry. Both of these initial substances which are used to run a car exert carbon dioxide as a result of incomplete combustion. Millions of cars using petroleum and gasoline led to a large amount of pollution which affected not only the air which humans inhale but also weather climate changes around the world.