Timeline of the Economic Boom of the 1920's

WW1 Ends

Nov 11, 1918

The German Army surrenders on the night of November 11, 1918

18th Amendment

Jan 29, 1919

The US Congress Ratifies the 18th amendment, prohibiting the sale and consumption of alcohol.

Steel Strike Ends

Jan 8, 1920

The Great Steel Strike of 1919 ends with the workers giving in and returning back to their jobs because of economic collapse.

19th Amendment

Aug 18, 1920

The US Congress ratifies the Nineteenth Amendment, allow women the right to vote

High Tariffs Enacted

Sep 21, 1922

The US Congress passes the Fordney-McCumber Tariff, Raising Tariffs In order to prevent Us Manufactures from collapsing, like the US Agriculture Industry

German Economy Collapase

Jan 1, 1923

The German economy collapses making 1 German Mark worth .00015 US dollars

Ford makes Model T's easier to afford

Jan 1, 1923

Henry ford uses the assembly line to create Model T's for an extremely cheap amount of money allowing them to sell them at extremely low prices, making cars a common mans luxury instead of just the rich man. Making 15 million Model T's by the end of 1927

IBM Is Founded

Jan 1, 1924

The International Business Machine Corporation is founded

First television is Invented

Sep 7, 1927

Philo-Taylor Farnsworth completes the first ever Television and obtaining the first patent on August 26th of 1930

JC Penny Opens its 1000th Store

Oct 11, 1929

JC penny opens its one thousandth store, while the company had also reached a gross of 190 million dollars. being equivalent to 2.3 billion dollars today.

Stock Market Crash

Oct 29, 1929

The US stock market crashes. Putting almost 15 million workers out of the job. Fueling what lead to the Great Depression. Which ended the Prosperous Boom of the 1920's