Changing part of what is best about the United States …

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Presentation transcript:

Changing part of what is best about the United States … “With silent lips. "Give me your tired, your poor, Your huddled masses yearning to breathe free, The wretched refuse of your teeming shore. Send these, the homeless, tempest-tost to me, I lift my lamp beside the golden door!” -- “New Colossus” by Emma Lazarus Not Positive U.S. History events … History of Slavery History regarding interactions w/ Native Americans “Espionage Act of 1917” Many others …

“Roaring Twenties” A Culture of Optimism … By end of 1920’s, majority of homes have electricity Flappers Impact of radio Impact of automobile Scopes Trial Rise of K.K.K. & Nativism

1920’s – An Era of Optimism (1) Credit culture of America in the 1920’s (2) “Buying on the Margin” – risky investments in stock market speculation (3) Farmers over-invest, taking out loans for more land and farm equipment (4) Overproduction in farm products and consumer goods

Henry Ford’s Automobile (1) How does the automobile change American culture? (2) What is interesting about the video?

“Roaring Twenties” Economic Prosperity Henry Ford and the Model T His innovations … His philosophy … Price per car: 1908 - $850 1914 - $490 1917 - $360 1924 - $294 “Five dollar day” … Weekends off … “Impact of the Automobile” …

“Roaring Twenties” Economic Prosperity “Quality of Life” improves … Real per capita earnings increase Shorter workday “Welfare Capitalism” … Workers can buy stock, participate in profit sharing, and receive medical care & pensions United States, #1 economy, Post-WWI European businesses had to borrow … Creditor nation …

“Roaring Twenties” Read page 479: “Economic Growth in the 1920s” to “The Bull Market” – How does advertising and “Installment Buying” change consumer behaviors? Consumer Revolution… Magazine and newspaper ads Installment plans … Bull Market … Free Enterprise System …

“Roaring Twenties” A Culture of Optimism … Rise of Advertising Credit culture / Installment Plan By 1927, 75% of all household goods were purchased on credit