March 16, 2017 U.S. History Agenda: DO NOW: Multiple Choice Review NOTES #45: What caused an economic boom to occur in the U.S. during the 1920s? DOCUMENT ANALYSIS: Economic Problems of the Late 1920s and Early 1930s

What caused an economic boom to occur in the U. S. during the 1920s What caused an economic boom to occur in the U.S. during the 1920s? Notes #45

Prior to the 1920s, most Americans were careful with their money and spent only on what they needed.

1920s washing machine, refrigerator, and vacuum cleaner During the 1920s, the development of many new consumer goods caused an economic boom to occur in the U.S. 1920s washing machine, refrigerator, and vacuum cleaner

(Top left, clockwise) 1920s toaster, sewing machine, telephone, perfume, mouthwash, soap

Advertisements and credit purchasing were used to encourage Americans to buy consumer goods.

Improved mass production techniques made consumer goods more available and affordable to Americans.

Ford Model T assembly line Henry Ford’s development of the assembly line led to the growth of the automobile industry, which stimulated other new industries. Ford Model T assembly line

President Calvin Coolidge Under President Calvin Coolidge, the U.S. government allowed business to operate freely (“laissez-faire”). President Calvin Coolidge (1923 – 1929)

Only farmers failed to enjoy the economic prosperity of the 1920s because farm crops were overproduced.

U.S. UNEMPLOYMENT RATE (1929 – 1933) 1. U.S. UNEMPLOYMENT RATE (1929 – 1933)

2.

3.

4.

5.