USA IN THE 1920s. US Economic Boom ….. How far? US Wealth: * Industrialised * Resources and the people New Industries: * Increase in total production.

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Presentation transcript:

USA IN THE 1920s

US Economic Boom ….. How far? US Wealth: * Industrialised * Resources and the people New Industries: * Increase in total production * Electrical goods * Chemical industry

Rising wages: * Increase in wages * Prices stabilise * Mass production Government Policies “Business of America is business” * Low taxes * Investment * Import tariffs * Laissez-faire

Hire Purchase * Buying on credit * Mail order catalogue Advertising became a huge industry

Laissez-faire policy – anti workers Weak unions * No trade unions * Refusal to employ union members Exploitation

Henry Ford and the Automobile Industry What were the social consequences? Brainstorm the advantages and disadvantages

Who did not benefit?