WARM-UP: The next 3 weeks in a nut-shell Speed Bump 1919 Awesomeness! CRASH! Depression 1920s New...
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Transcript of WARM-UP: The next 3 weeks in a nut-shell Speed Bump 1919 Awesomeness! CRASH! Depression 1920s New...
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