WARM-UP:

The next 3 weeks in a nut-shell

Speed Bump1919

Awesomeness!

CRASH!

Depression

1920sNew Industries

1920s: Return to Economic Prosperity!

Today’s Goals:

- How did our nation go from economic recession in 1919 to an economic boom in the mid 1920s?

- Discuss the positive and negative aspects of the 1920s consumer society.

We should start to think about how this decade caused the Great Depression.

1920s Economic Boom!

Main Idea:The U.S. experienced

stunning economic growth during the 1920s

How did our nation go from economic recession in 1919

to an economic boom in the mid 1920s?

Laissez-Faire

Assembly Line

Credit

Knowledge/Tech

Position #1

Advertising

New Products

Tariffs

Share Confidence

How did our nation go from economic recession in 1919

to an economic boom in the mid 1920s?

New Industries?

• New Industries lead to New Products…that have to be advertised.

• How is advertising important?

• Jobs, helps with sales. Etc

Advertising

The ad first appeared in 1920’s, with the claim that blamed a

woman’s single hood on bad breath!  The sales of Listerine jumped from

$100,000 in 1921 to 0ver $4,000,000 in 1927!!!

Real Quick

Make Two Columns:

Column 1 = write down all the materials needed to build a car

Column 2 = write down all the companies that deal with anything car

related

In order to have a good economy?

• You need to people to buy stuff.

• People who buy stuff are consumers

Three Reasons we had a lot of consumers in the 1920s…

New Industries (cars & radio)

= More Jobs

1920s WorkerWages Hours

New “Cool Products= Increases

Demand

Consumer Society

1

2

3

Positives and Negatives of the 1920s Consumer Society

In the 1920s =Strong Consumer Society

People start buying on Credit/ Installment Plan

Credit allowed

consumers to

buy more stuff

1920s economy was so

good people

had faith they could pay

off debt = they overspent

DEBT!

Positive? Negative?

• Henry Ford perfected the assembly line. (cars in the 1920s were extremely affordable)

• Paid his workers $5 a day! = better standard of living.

• Also, cars = mobility for people = spread culture/travel/enjoy life.

• If the car industry fails so would millions of other car-related businesses.

…to 1920s Boom = NEW PRODUCTS TO BUY

Industry #1CARS

How did the growing importance of the car and other new industries improve U.S. standard of living?

• 1920s = development of the Airline Industry

• Why is the airline industry good for America?

• Jobs, enjoyment, access to other nations/materials.

Industry #2Flight

How did the growing importance of the car and other new industries improve U.S. standard of living?

• 1920s = development of the Radio Industry

• How is radio important?

• Jobs, entertainment, spread culture/news etc.

Industry #3Radio