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THE “ROARING’ ECONOMY OF THE 1920’S

Explore the booming economy of the 1920s, with a focus on the impact of the automobile industry and its role in driving economic growth. Learn about the rise of assembly lines, decrease in car prices, and the growth of related industries such as rubber, steel, and oil. Discover the increase in employment, standard of living, and conspicuous consumption during this period. Explore other changes in business and the economy, such as new products, policies, and the rise of mass production and mass media.

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THE “ROARING’ ECONOMY OF THE 1920’S

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  1. THE “ROARING’ ECONOMY OF THE 1920’S 1927 Ford Model T – the automobile was the symbol of the “new era” in American business

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

  3. Impact of the Car Industry · Henry Ford used assembly lines to produce cars.

  4. · The efficiency of the assembly line helped to decrease car prices. Model-T 1909 - $850 1916 - $360 1924 - $290 Access Inflation calculator for today’s cost. ..\..\..\Inflation Calculator Find US Dollar's Value from 1913-2012.mht

  5. 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

  6. * Employment and the standard of living increased. • As World War I ended, technology focused on consumer goods. • (Ex: radios, washing machines, telephones, and cars) * An increase in wages caused an increase in buying power. 1925 RCA Radiola Super VIII

  7. “Conspicuous Consumption” • Buying to show off – flaunt your wealth • Name brands, expensive price tags, the first one to own… • Keep up with “the Jones” (neighbors)! 1920'S

  8. USE YOUR TEXTBOOK • Pgs. 693-699 • Make a list of all the many changes in business and the economy that developed throughout the 1920’s…..

  9. New Products Vitamins Belt and bucket conveyor Model T Wristwatches Canning Cigarette lighters Skyscrapers Radio New Policies Credit/Installment payments “scientific management” Efficiency increases Profits increases The American Plan End “closed shop” Yellow dog contracts “welfare capitalism” “Kiss Me Clubs” Doctrine of Wages $5 Day (H. Ford) “New Era” of Business

  10. Mass Production Mass Media Materialism Modern Corporate Bureaucracy 1920’s Business World M

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