Prosperity in the 1920s
This presentation is the property of its rightful owner.
Sponsored Links
1 / 8

Prosperity in the 1920s PowerPoint PPT Presentation


  • 79 Views
  • Uploaded on
  • Presentation posted in: General

Prosperity in the 1920s. The boom in the 1920s in the USA. Aims of the lesson. By the end of this lesson you will Understand what we mean by mass production Evaluate its influence on US industry in the 1920s Understand what we mean by the cycle of prosperity

Download Presentation

Prosperity in the 1920s

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Prosperity in the 1920s

Prosperity in the 1920s

The boom in the 1920s in the USA


Aims of the lesson

Aims of the lesson

By the end of this lesson you will

  • Understand what we mean by mass production

  • Evaluate its influence on US industry in the 1920s

  • Understand what we mean by the cycle of prosperity

  • Evaluate the importance of government action and credit in the boom


Background

Background

  • 1920s the USA experienced an economic boom

  • Most but not all shared in it

  • Lots of raw materials

  • Helped by WW1 – America benefitted more than any other country

  • Protection also helped the US economy


Mass production

Mass production

  • Easy idea – huge factories

  • Each worker had a specific job – division on labour

  • Products were put together on a production line – quicker

  • Specialisation of parts

  • Made products quicker and cheaper to make


Henry ford

Henry Ford

  • First to use mass production techniques on his cars

  • Model T – a car for families

  • Tin Lizzy – nickname

  • Each one was identical

  • 1911 – cost $1200

  • 1920 – cost $295

  • His ideas spread to other businesses


Effects and cycle of prosperity

Effects and cycle of prosperity

  • Helped other industries to grow – steel, glass, rubber etc

  • More roads and petrol stations

  • People were buying new gadgets because they cost less

  • Cycle of prosperity – more jobs, more money, more production, cheaper goods

  • Never ending prosperity.


Government policy

Government policy

  • Republican government helped the boom

  • Laisses faire – non intervention in industry

  • No controls on businesses

  • Lower taxes on wages and profits

  • Gave people more money to spend

  • Hire purchase – buy now, pay later

  • Mail order and advertising – put pressure on people to buy


Confidence

Confidence

  • In the 1920s people began to feel more confident about the future

  • Encouraged people to spend their money buying shares

  • Could be done using credit – buying on the margin

  • Share prices went up year after year

  • Seemed like the good times were here to stay


  • Login