1920s – A Business Boom Kansas City = nations first shopping center A&W Root Beer = first...
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1920s – A Business Boom • Kansas City = nations first shopping center • A&W Root Beer = first fast-food chain restaurant • Advertising became big business
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Transcript of 1920s – A Business Boom Kansas City = nations first shopping center A&W Root Beer = first...
1920s – A Business Boom
• Kansas City = nations first shopping center• A&W Root Beer = first fast-food chain restaurant• Advertising became big business
Consumer Economy:
• An economy based on people buying a lot of stuff
• Depends on a large amount of buying by consumers
What drove Growth? • Advertising, new products, lower
costs & credit led to a business boom
Credit/Installment plans
• 60% of all cars
• 70% of all furniture
• 80% of all radios, refrigerators
• 90% of all washing machines
• Cheaper Power
• New appliances & housing boom quadrupled demand for electricity