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Impact of Automobile Industry on 1920s Economy

Explore how the automobile revolutionized the economy in the 1920s, leading to increased employment, wages, and consumer goods production. With the rise of car manufacturing, various industries like rubber, steel, and oil flourished, driving prosperity and growth in related sectors. Learn how companies like Ford leveraged assembly lines to lower car prices and boost profits during the Boom Cycle.

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Impact of Automobile Industry on 1920s Economy

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  1. The Great Gatsby Historical Context “The Automobile”

  2. Employment and standards of living increased in the post war era and as World War I ended, technology previously focused on the war effort focused on consumer goods such as radios, washing machines, telephones, and cars. • With increased prosperity came increased wages which in turn caused an increase in buying power.

  3. A Booming Economy: The 1920’s Income increases People purchase more goods “Boom Cycle” Companies expand and higher more people Companies earn higher profits

  4. 1927 Ford Model T

  5. Henry Ford used assembly lines to produce cars.

  6. The efficiency of the assembly line helped to decrease car prices. For example Ford Model-T 1909 - $850 1916 - $360 1924 - $290

  7. Effects of the Car Industry rubber steel oil The following industries grew as a result of the booming car industry: glass construction (roads and bridges) housing (as the suburbs grew) paint

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