1920s.

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Presentation transcript:

1920s

Warren G. Harding (1921-3) Calvin Coolidge (1923-1929) Herbert Hoover (1929-1933

Decade of Prosperity Industry *Percentage Increase, 1922-28 Industrial Production: 70% Gross National Product: 40% Per Capita Income: 30% Output per factory man hour: 75% Average Work Wee- -4.4% Corporate Profits: 62% (1923-1929)

Unemployment Rate

GDP

DJIA

Causes World War 1 Technology Government (Laissez Faire) Deregulation- FTC Tariffs (Fordney and Smoot ) Tax rates Mellon tax plan-refinanced national debt/balanced budget/Federal Reserve to lower interest rates 1922-Top tax rate 77% to 24% in 1929