Birth of Modern America Chapter 11 Section 2 Mr. Smith.

Slides:



Advertisements
Similar presentations
1920s – A Business Boom Kansas City = nations first shopping center A&W Root Beer = first fast-food chain restaurant Advertising became big business.
Advertisements

Unit 5 - The Business of America
Chapter 21 section 2 and 4 question/answers
Canada and a Roaring Economy
Greatest Innovations… List the most important innovations of all time. What is the criteria for your decision? –Revenue generated? –Benefit to humanity?
Learning Goals The students will understand the “Roaring Twenties” and how the events during this period affected Oklahoma.
Canada and a Roaring Economy Canadian History. Overview The Roaring Twenties saw boom times in Canada. _________________; earnings for individuals and.
The Business of America Main Idea: The prosperous 20’s led to a rise in the American standard of living. The US owned 40% of the world’s wealth Many Americans.
Chapter 13, Section 1 Things to Know
1920s A Growing Economy What led to the Economic Boom of the 1920s?
Trade THE DAWES PLAN US Germany England & France 1. US loans Germany money to pay reparations 2. Germany pays back allies on agreed upon lower rate 3.
Warm-ups In 1925, a high school biology teacher from Tennessee named John Scopes was put on trial for teaching evolution to his students. Why do you think.
Your Task for the Day: Poetry Your Poem Must Include:  What was good about the economy in the 1920s?  How did consumers behave?  Effects of the automobile.
Warm-up: Why do you think the US economy boomed after the war ended?
Chapter 18 Goods and Services Sections 1-3. Production Gross Domestic Product (GDP) Amount of all the goods and services produced inside a country. USA.
American History Chapter 19-2 A New Economic Era.
Angela Brown Chapter 11 A B USINESS B OOM 1.
Chapter 24 Section 3 A Booming Economy. Key Terms * recession- an economic downturn *GNP – Gross National Product Total value of all goods & services.
Business Fever Chapter 24, Section 2. In the 1920’s factories poured out new goods Refrigerators Other electric appliances New low priced cars Output.
1920’s Economic Boom New Appliances and New Debt
The Main Idea New products, new industries, and new ways of doing business expanded the economy in the 1920s, although not everyone shared in the prosperity.
Boom Times Chapter 14 Section 1. Prosperity and Productivity US econ grew after demobilization Pro business policies, tax cuts, growth of electricity,
Coolidge (Cont.) FOREIGN POLICY FOREIGN POLICY Continued isolationist policies Continued isolationist policies Kellogg-Briand Pact- 60 nations sign to.
 During the 1920s, the U.S. economy experienced much growth. This was due in part to new technology, but also due to laissez-faire policies. In 1929 the.
The Economic Boom.
A BOOMING ECONOMY SEC PAGES Define: Recession – scientific management – gross national product – productivity – welfare capitalism - installment.
October 28, Notes (part 1)- A Growing Economy of the 1920’s 2. Video Clip: Model T Vocabulary 4. Return Quizzes and Work ***Unit III.
Social, Economic, and Technological changes Developments in factory and labor productivity, transportation, communication and rural electrification of.
The Roaring 20’s The Economy of the 1920’s. A Consumer Economy Defined as: One that depends on a large amount of spending by consumers Buying on Credit.
1920s Business BOOM! America is awesome! s Economy Economy is booming.Economy is booming. Consumer economyConsumer economy –Depends on large.
Warm-up: Why do you think the US economy boomed after the war ended?
Warm-up What are the advantages and disadvantages of buying items on credit? Explain your answers please.
New Economic Era Mr. Williams 10 th Grade U.S. History.
Social and Economical Changes of the early 20th century
Growth in the 1920sGrowth in the 1920s  Technology stimulated rapid economic growth  Before WWI only 30% of factories were run on electricity  By 1929.
1920s A Business Boom.
20’S TECHNOLOGY & IMPACT. THE 1920’S WERE A TIME OF INNOVATION…. Many products were invented… And many products which had been invented earlier were popularized!
A New Economic Era Unit 2 Section 2 Part 7. Discussion Question How would you describe the United States after World War I? What were some things that.
20-3: The Business of America. Automobiles Helped the economy to boom Spurred the building of paved roads, service stations, garages, etc. Changed architectural.
Chapter 25 Section 1 The Cold War Begins Section 1 A Booming Economy Explain the impact of Henry Ford and the automobile. Analyze the consumer revolution.
The Twenties A Booming Economy. Prosperity 1920’s was country’s most economically prosperous era Factories were producing more & more goods Stock prices.
Left Hand Side  27 Automobiles Right Hand Side  A roar or yawn?3/18.
Section 2 “A Business Boom” Page  Consumer economy  Installment plan  Gross National Product (GNP)  assembly.
Warm-up: Why do you think the US economy boomed after the war ended?
March 16, 2017 U.S. History Agenda: DO NOW: Multiple Choice Review
The Postwar Economy Booms
US History Chapter 9 Section 2
A Growing Economy Chapter 16 Section 2.
Chapter 9- From War to Peace Section 2- A new Economic Era
Technology Changes American Life
Mr. Williams 10th Grade U.S. History
What led to the Economic Boom of the 1920s?
ESSENTIAL QUESTION: What factors sparked the prosperity of the 1920s?
The Business of America Under Coolidge
Chapter 12-Section 3- The Businesses of America
Economics and the Age of the consumer
Model ‘T’ Ford & The Cycle of Prosperity
Chapter 12-Section 3- The Businesses of America
Objectives Explain the impact of Henry Ford and the automobile.
Warm-up: Why do you think the US economy boomed after the war ended?
LEQ: How will America change for the common man after WWI?
Objectives Explain the impact of Henry Ford and the automobile.
The Business of America Under Coolidge
Objectives Explain the impact of Henry Ford and the automobile.
The Business of America Under Coolidge
The turbulent twenties/postwar america (1919 – 1929)
A Business Boom Chapter 21 Sec 2.
A Booming Economy.
Bell ringer If you could afford anything- what type of car/vehicle would you want?
1920’s Business Boom 14.2 Notes.
Presentation transcript:

Birth of Modern America Chapter 11 Section 2 Mr. Smith

Consumer economy Economic system requiring individuals to make purchases –Not just buying the needs but also splurging on the wants Radio – king of purchases Automobile – over 400 hundred car companies Appliances – make life easier –Led to the development of new industries Shopping centers – early malls (first in Kansas City, MO) Fast food restaurants – A&W Root Beer (first chain) Advertising – businesses spend more than $1 billion in the 1920s

Installment plan Economic system that allowed consumers make partial payments over a period of time until the total debt is paid –Just like Rent-A-Center today 60% of all cars 70% of household furniture 80% of vacuum cleaners, radios, refrigerators 90% of sewing machines and washing machines

Electric Power Purchases of time/labor saving appliances creates increased demand for electricity –Demand increases by 400% –Americans with electric lights in their home increases from 16% to 63% during the 1920s –Downside found in only 4% of American farms had electricity

The Automobile & Michigan Henry Ford – wanted to “democratize the automobile” –Build and market affordable cars to the masses –Built on an assembly line of interchangeable parts and specialized skills for mass production –Used economies of scale to sell cars cheaply More cars made means less to produce each car –Used vertical consolidation to control auto industry

Industrial Growth: Fueled by Cars Industries involved in automobiles –15% of American steel –80% of American rubber –50% of American glass –65% of American leather –7 billion gallons of gasoline a year Residual effects of automobiles –Travel industry develops –Freight companies develop –Service stations and auto mechanics develop –Restaurant industry develops Laissez faire economics led to more business competition –“The business of America is business” was working