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Decisions in the Roaring Twenties: Spending Habits of Different Professions

Explore the purchasing power and habits of actors, industry workers, and farmers in the 1920s. Learn about installment buying, annual incomes, and essential products during this era of economic prosperity.

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Decisions in the Roaring Twenties: Spending Habits of Different Professions

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  1. What will you purchase during… The roaring twenties

  2. If you were an actor… • You would make $7,800 annually. • You would typically live within larger cities . • You would purchase items in full, not by installment buying.

  3. If you were an industry worker… • You would make $1,236 annually. • You would live within large cities to be close to the factory in which you worked. • You typically would make large purchases using installment buying.

  4. If you were a farmer… • You would make $742 annually. • You would live in the country, utilizing the resources produced on your farm, as well as trading to obtain necessities. • Large purchases would have been made on installment buying.

  5. Ford Model – T: $650 Installment Buying: $5 week for 3 years

  6. All Electric Radio: $150Installment Buying: $2 a week for 2 years

  7. Pocket Watch: $60Installment Buying: $2 a week for 1 year

  8. New Shoes: $5Installment Buying: Not applicable

  9. Winchester Rifle: $100Installment Buying: $3 a week for 1 year

  10. Hats: $3Installment Buying: Not applicable

  11. Nylons: $4Installment Buying: Not applicable

  12. New Tractor: $400Installment Buying: $4 a week for 3 years

  13. No Power Vacuum: $50Installment Buying: $2.50 a week for 6 months

  14. Work Boots: $15Installment Buying: $1 a week for 6 months

  15. Stove: $120Installment Buying: $3 a week for 1 year

  16. Refrigerator: $180Installment Buying: $4 a week for 1 year

  17. Washer: $98Installment Buying: $3 a weekfor 1 year

  18. Dryer: $150Installment Buying: $2 a week for 2 years

  19. Baby Grand Piano: $650Installment Buying: $4.50 a week for 3 years

  20. Phonograph: $120Installment Buying: $1.50 a week for 2 years

  21. During the Roaring Twenties… • Forty percent of annual income was spent on personal belongings. Therefore, you must spend AT LEAST: • Actors: $3,120 • Industry Workers: $495 • Farmers: $297

  22. Within your groups, decide… • What you will purchase. • How will you purchase it. • The overall cost by purchasing it in the manner chosen. • The use of the product. • The necessity of the product.

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