Impact of great depression on industrialist 0
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From a low point of recession in 1921 to its cyclical peak in 1929, the index of U.S. manufacturing production increased from fifty-four to one hundred. Within the overall upswing, the main expansion occurred during the 1922 to 1923 and 1928 to 1929 periods, and it was most pronounced in the automobile, electrical goods, and (to 1926) construction industries. Each of these sectors was associated with the expansion of "blocs" of interrelated activities, such as the rubber, paint, glass, steel, lumber, and engineering firms that supported the growth of the automotive industry. The other aspect of structural change in the 1920s was the performance of "sick" industries, notably cotton and woolen textiles, coal mining, and railroads.
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