The Business of America Under Coolidge

Slides:



Advertisements
Similar presentations
Factors underlying the Prosperity of the 1920s
Advertisements

LESSON OBJECTIVES/ GOALS/ SWBAT
Chapter 20 Section 3 Business in America and Superficial Prosperity.
Unit 5 - The Business of America
The Business/Economy of America. President Coolidge was Pro-Business What does “pro-business” mean? –Keep taxes down for business – have more in their.
AUTOMOBILE EFFECTS OF THE INVENTION OR TREND COMPANY OR PRODUCT
Canada and a Roaring Economy Canadian History. Overview The Roaring Twenties saw boom times in Canada. _________________; earnings for individuals and.
The Business of America
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.
12.3 The Business of America Is Business Calvin Coolidge = pro business Business boom Standard of living soared.
Chapter 13, Section 1 Things to Know
POLITICS OF THE ROARING 20’S
Technology in the 1920s.  Calvin Coolidge favored government policies that would keep taxes down and business profits up, and gave businesses more available.
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 Business of Government
Describe each picture. What might each represent about the 1920’s?
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.
Business of America Objective: Analyze the growth of cities, production, and credit Production – Red City – Blue Credit - Green.
 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.
POLITICS OF THE ROARING 20’S. THE BUSINESS OF AMERICA The new president, Calvin Coolidge, fit the pro-business spirit of the 1920s very well His famous.
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.
What were some products that people were purchasing in the 1920s?
The Roaring 20’s Continued…. American business begins to flourish!
The Business of America Chapter 12, Section 3. The Economics of Calvin Coolidge President Calvin Coolidge: low taxes, high business profits – Provided.
20-3: The Business of America. Automobiles Helped the economy to boom Spurred the building of paved roads, service stations, garages, etc. Changed architectural.
Birth of Modern America Chapter 11 Section 2 Mr. Smith.
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?
Warren G. Harding’s Presidency:
Chapter 11; The Twenties A Booming Economy
The Economy During the 1920s
Economy and Policies of the 1920s
The Postwar Economy Booms
Technology Changes America
PROSPERITY IN THE USA IN THE 1920S
The Business of America
The Business of America
The Roaring Twenties A Booming Economy.
The Great Depression Begins Pages
PROSPERITY IN THE USA IN THE 1920S
#44 Ch 12 S 3 Details: Read & Notes Ch 12 S 3 _________________
Post War Business in the US
The Business of America Under Coolidge
Chapter 12-Section 3- The Businesses of America
Economy of the 1920s Consumerism.
It’s the 1920’s Hear us consumers Roar!
The Business of America
The Business of America
The Business of America
Chapter 12 Section 3 Notes Coolidge becomes President
Chapter 12-Section 3- The Businesses of America
Warm-up: Why do you think the US economy boomed after the war ended?
The Rise of the Middle Class The 1920s
POLITICS OF THE ROARING 20’S
The Booming Economy of the 1920s
THE BUSINESS OF AMERICA
MT4:The 1920’s (Roaring Twenties)
POLITICS OF THE ROARING 20’S
Section 3 The Business of America
The Business of America Under Coolidge
The Nations Sick Economy
Chapter 24 – Section 1 “Boom Times”.
The Business of America
PROSPERITY IN THE USA IN THE 1920S
The Business of America Under Coolidge
The Changing Business of America
Mr. Marinello * US History
The Business of America
The Harding Presidency Sect. #2 The Business of America Sect. #3
Life in the 1920s US History.
Presentation transcript:

The Business of America Under Coolidge How Does Coolidge’s Conservative Policies create Economic Growth During the 1920s?

Business flourished under Coolidge Coolidge easily wins 1924 “re-election” Coolidge believes in Laissez Faire economic system, a very pro- business attitude Low taxes, easy credit Keeps tariffs high on foreign imports Investment in stock market Result: Companies make record profits, increase productivity, expand in size and pay workers higher wages

The Automobile Spurs Growth Paved roads and highways are built, best known is Route 66 connecting Chicago to LA Route 66 has businesses along highways including gas stations, motels, restaurants Road improvements incl: first traffic lights, cloverfied traffic pattern & first underwater tunnel (Holland Tunnel connects NJ & NY) More cars creates urban sprawl: cities grow “out” as workers able to drive to work faster

Rise of Consumerism Average annual income rises 35%, people begin buying more More electricity in homes = more electrical appliances Installment plans available to pay for expensive items “enjoy now…pay later” (but pay with interest) More consumerism creates modern advertising Vacuum Electric Iron Refrigerator Washing Machine

Superficial Prosperity Signs of problems to come were ignored Growing income gap between workers & managers (esp due to tax cuts for rich) RR & farming industries declined People buying things on installment plan (credit) monthly payments more than they can afford Overvalued homes & land People gambling on stock market