Chapter 10 Section 2 A Growing Economy

Slides:



Advertisements
Similar presentations
In just ten years there was a huge increase in production. It has been called the SECOND INDUSTRIAL REVOLUTION. It was a boom in CONSUMER GOODS, that is.
Advertisements

The Economy During the 1920s
A Growing Economy.  By the end of this lesson you will:  Describe an assembly line.  Tell what tradition International Harvester started.  State what.
CHAPTER 17 SECTION 2 A Growing Economy.
The Rise of Industries Part 3 Mass Production Mass Production- large scale manufacturing done with machinery. Workers made more and the goods they made.
Greatest Innovations… List the most important innovations of all time. What is the criteria for your decision? –Revenue generated? –Benefit to humanity?
Origins of the Great Depression
The Economy During the 1920s
The Great Depression, Part A. 1.During the 1920s, the United States, in many ways, had a booming what? Economy 2. In what ways did the American.
The Causes of the Great Depression
Chapter 25 Section 1 The Cold War Begins Section 1 Causes of the Depression Objectives Discuss the weaknesses in the economy of the 1920s. Explain how.
Return to Normalcy American History (B) Mr. Simmons.
AUTOMOBILE MASS PRODUCTION— INCREASED THE SUPPLY OF GOODS AND DECREASED COST ASSEMBLY LINE--- DIVIDED UP OPERATIONS INTO SIMPLE TASK THAT UNSKILLED WORKERS.
CAUSES OF THE GREAT DEPRESSION. THE GREAT DEPRESSION KWL ON YOUR PINK POST IT NOTE WRITE SOMETHING THAT YOU KNOW ABOUT THE GREAT DEPRESSION ON YOUR YELLOW.
1920s A Growing Economy What led to the Economic Boom of the 1920s?
Chapter 25 Section 1 The Cold War Begins Section 1 Causes of the Depression 21.1 Objectives Discuss the weaknesses in the economy of the 1920s. Explain.
TEKS 8C: Calculate percent composition and empirical and molecular formulas. The Economy During the 1920s.
If we did not have cars…. "I will build a car for the great multitude. It will be large enough for the family, but small enough for the individual to.
In just ten years there was a huge increase in production. It has been called the ‘SECOND INDUSTRIAL REVOLUTION’. It was a boom in CONSUMER GOODS, that.
Growing Economy Chapter 8 - Section Chapter 8 - Section
The Nation’s Sick Economy. Industries in Trouble Key industries barely making a profit Mining and lumbering faced diminished demands Key industries barely.
Unit 3 Prosperity, Depression and the New Deal ( ) The Post-World War I period was characterized by economic, social and political turmoil. Post-war.
Getting to California luxury goods - Charles Lindberg – Wilson’s” National Broadcasting Company (NBC) – included Allies. Columbia Broadcasting System (CBS)
The Economy of the 1920s – Prosperity to Poverty Guide Reading Activity – The Great Depression and the onset of economic change.
Americans prosperous called “Roaring 20’s” Depression started in 1929 with the crash of the Stock Market.
The Business of America The Roaring 20’s ( ) Chapter 25 Section 1.
TEKS 8C: Calculate percent composition and empirical and molecular formulas. The Economy During the 1920s.
Warm-up: Why do you think the US economy boomed after the war ended?
10:2 A Growing Economy Rise of new industries – Earnings in U.S. increased 22 percent ( ) – Work hours decreased – Mass Production: large-scale.
Section 2-A Growing Economy Click the mouse button or press the Space Bar to display the information. Chapter Objectives Section 2: A Growing Economy.
Chapter 21 Normalcy & Good Times Section 2 A Growing Economy.
Business Fever Chapter 24, Section 2. In the 1920’s factories poured out new goods Refrigerators Other electric appliances New low priced cars Output.
The Jazz Age A Growing Economy
Postwar Economics and Politics Chapter 24 Section 1.
Chapter 9 The Great Depression
In just ten years there was a huge increase in production. It has been called the “SECOND INDUSTRIAL REVOLUTION”. It was a boom in CONSUMER GOODS, that.
A Growing Economy. Mass production and the assembly line allowed new industries, such as automobile and airplane manufacturing, to grow. Mass production.
Prattville High School Chapter 21 Study Guide 1 Who is Robert M. La Follette? Wisconsin senator who ran against Democratic and Republican nominees for.
Normalcy and Good Times. The Harding Administration 1919 Campaign slogan: “a return to normalcy” Very Popular president Appointed his “poker playing”
Describe social and economic conditions from the 1920s through the Great Depression regarding factors leading to a deepening crisis, including the collapse.
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.
Chapter 21 Section 2 US HIS Mr. Love Game Day. The Rise of New Industries  During the 1920’s, Americans enjoyed a new standard of living. Wages increased.
Warm-up: Why do you think the US economy boomed after the war ended?
The Consumer Society The Consumer Society Buying spree – Higher wages – Shorter hours – Shifting attitude Thrift and prudence  eager consumers.
 What is the Model T Ford?  List some ways that the automobile revolutionized transportation in America?
A GROWING ECONOMY Roaring Twenties:. Learning Objectives 1.Analyze how the growing importance of the automobile and other new industries improved the.
Farming Trouble in the US’s 1920s Economic BOOM
1 8-2 A Growing Economy Today’s Agenda 8-2 Main Points Homework Check Harding & Coolidge caricature Drawing Check Warm-Up Describe an advertisement that.
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.
DCFU Monday: Why do you think it’s called the roaring twenties? Is this a good name for the time period? Why or why not?
Chapters 7 & 8 Test on WEDNESDAY Notebook due WEDNESDAY after the test.
A GROWING ECONOMY Chapter 10 Section 2.
Warm-up: Why do you think the US economy boomed after the war ended?
EQ: What were the new methods of production during the 1920’s?
The Economy During the 1920s
Roaring 20’s: Boom Times! Automobile Industry, Assembly Line, Welfare Capitalism, Consumer Credit.
PROSPERITY IN THE USA IN THE 1920S
A Growing Economy Chapter 16 Section 2.
Normalcy and Good Times
COS Standard 5 Evaluate the impact of social changes and the influence of key figures in the United States from World War I through the 1920s, including.
PROSPERITY IN THE USA IN THE 1920S
What led to the Economic Boom of the 1920s?
COS Standard 5 Evaluate the impact of social changes and the influence of key figures in the United States from World War I through the 1920s, including.
Warm-up: Why do you think the US economy boomed after the war ended?
The Economy of the 1920s 22-4.
IMPACT OF WAR.
Post War Economic Changes
The Economy During the 1920s
PROSPERITY IN THE USA IN THE 1920S
Presentation transcript:

Chapter 10 Section 2 A Growing Economy

American in the 1920s During the 1920s, Americans earned more money than ever before while working fewer hours. In a 1925 survey conducted in Muncie, Indiana, most of the families who owned cars did not have bathtubs with running water.

1920’s American Economy Mass production, or large scale product manufacturing done mainly by machinery, made more products available and lowered costs. This reshaped American economics and industry.

Henry Ford In 1926, Henry Ford cut the workweek of his employees from six days to five. He used the assembly line to build cars. The assembly line divided operations into simple tasks that unskilled workers could do and cut unnecessary motion to a minimum. This system also reduced production cost. Example - Ford was able to reduce the price of his Model T from $850 in 1908 to $295 in 1924.

Role of the Model T in other industries By lowering the price of his mass-produced car, the Model T, Ford created a huge demand. Auto workers were expected to meet requirements Sociological Department set by Ford’s and workers who misbehaved could be suspended or even fired. The automobile reduced the isolation of rural areas and created a new kind of consumer and worker, the auto commuter, allowing people to live farther from work. Additionally, The success of automakers spurred growth in other industries such as rubber, plate glass, nickel and lead.

Disposable Income Rising disposable income led to many new consumer products, allowing people to buy stuff such as frozen foods, household cleaners, washing machines, cosmetics, and facial tissues

Airplanes During the 1920s, the airlines industry expanded. American Glenn Curtiss invented ailerons, which can be used to help steer an airplane. The government used airlines to deliver mail and began building airports. The transatlantic solo flight of Charles Lindbergh in 1927 demonstrated the possibilities of commercial aviation.

Radios Also during the 1920s, the radio industry expanded. In 1926 the National Broadcasting Company (NBC) established a network of radio stations to distribute daily programs. In 1928 Americans experienced the first presidential election campaign conducted over the airwaves.

Borrowing Money (debt) One notable aspect of the economic boom of the 1920s was a change in attitudes toward debt or credit. Before the 1920s, most Americans thought that going into debt was shameful. This attitude changed, and more Americans went into debt to buy items such as furniture and bought cars on credit.

Advertising Inventors at this time had trouble getting people to buy products they did not know they needed. To create consumers for their new products, manufacturers turned to advertising. The goal of advertising is to convince consumers to buy new products that they may or may not need.

Farming During the World War I, the government had encouraged farmers to grow more to meet the need for food in Europe. Many farmers went into debt to buy more land and machinery to raise more crops. Sales and prices were high, so farmers prospered.

Farming After the war, Europeans began producing more farm products, so profits fell for American farmers. New technologies such as fertilizers, machinery, and new seed varieties allowed farmers to produce more, but demand for the products did not increase, so farmers received lower prices for their goods. Although farmers produced higher yields (more crops), without an increase in demand; they received lower prices for their crops.

Protective Tariffs In 1922 Congress passed the Fordney-McCumber Act. The Fordney-McCumber Act of 1922 reduced the American market for foreign goods and provoked a reaction in foreign markets against American agricultural products. This law raised tariffs to protect American industries from competition. Europeans reacted by buying fewer American agricultural products. Prices dropped even more when farmers could not sell their products overseas.

Trying to help the farmers Some congressmen tried to help the farmers sell their surpluses. They proposed a plan in which the government would buy the crop surpluses to sell abroad at a loss.

Vetoing the plan However, President Coolidge vetoed the bill. He thought it would encourage farmers to produce greater surpluses. As a result, American farmers stayed in a recession throughout the 1920s.