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A Growing Economy

A Growing Economy . The Rise of New Industries. In the 1920s the automobile became an important part of America life The use of mass production made more products available Also lowered the cost of the products; changed the American economy. The Assembly Line.

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A Growing Economy

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  1. A Growing Economy

  2. The Rise of New Industries • In the 1920s the automobile became an important part of America life • The use of mass production made more products available • Also lowered the cost of the products; changed the American economy

  3. The Assembly Line • Henry Ford used the assembly line to make cars • Divided operations into simple tasks that unskilled workers could do • In 1913, it took workers 12 hours to build a car. • By 1925, with the assembly line, they built a car every 10 seconds.

  4. The Assembly Line • Ford’s assembly line product was the Model T • Soon there was competition with General Motors and Chrysler. • The auto industry led to the growth of other industries; such as a plate glass, steel, and rubber.

  5. Social Impact of the Automobile • The automobile created an increase in small businesses such as garages and gas stations. • Brought city people to the country and rural people to the cities. • Allowed people to live further from work (created the commuter culture).

  6. The Consumer Goods Industry • With increased income, consumers were able to buy many new products • Electric razors, frozen foods, vacuum cleaners, refrigerators, washing machines. • Also new industries were created for personal care products. • Deodorant, mouthwash, cosmetics

  7. The Airline Industry • This did not become as prosperous as the automobile industry • Most Americans saw them as dangerous innovations • Some saw them as opportunities for exciting joyrides.

  8. The Airline Industry • In 1926, Congress passed the Air Commerce Act • Provided federal aid for building airports. • In 1927, the idea of using airplanes for commercial use received a boost. • Charles Lindbergh made a solo flight across the Atlantic Ocean. • The idea became very popular among business executives in the 1920s.

  9. Easy Consumer Credit • Higher wages of the 1920s allowed Americans to increase their buying power • Prior to the 1920s, Americans believed to be in debt was shameful • In the 1920s they began to believe they could pay what they owed at a later date. • They began buying furniture and cars based on credit • Some bought at a faster rate than their income could increase

  10. Mass Advertising • Many inventors faced the problem of not being able to make the public aware of their inventions. • As a result advertising became an important industry in the 1920s

  11. Welfare Capitalism • Unions in the 1920s were not very effective • Employers supported open shops • Workplace where workers were not required to join a union.

  12. Welfare Capitalism • Many also set up welfare-capitalism • Companies allowed workers to buy stock, participate in profit sharing, and receive benefits such as medical care. • These measures made unions seem unnecessary to many workers.

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