The 1920s: a time of prosperity During the 1920s, the United States’ economy grew significantly.

Slides:

Advertisements

Similar presentations

Why did America boom in the 1920s?

Advertisements

Canada is one of the world’s most economically advanced countries Because of many natural resources and a hardworking labor force, the U.S. has the world’s.

A Growing Economy Chapter 10, Lesson 1.

Greatest Innovations… List the most important innovations of all time. What is the criteria for your decision? –Revenue generated? –Benefit to humanity?

The Economy During the 1920s

Business and Advertising in the 1920’s Nick Jones.

Chapter 13, Section 1 Things to Know

1920s A Growing Economy What led to the Economic Boom of the 1920s?

TEKS 8C: Calculate percent composition and empirical and molecular formulas. The Economy During the 1920s.

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.

1920’s Mass Media.

Your Task for the Day: Poetry Your Poem Must Include:  What was good about the economy in the 1920s?  How did consumers behave?  Effects of the automobile.

Chapter 17 In Search of Prosperity and Stability Introduction to Economics (Combined Version) 5th Edition.

Analyze and interpret graphs, charts and statistics from 1920s. - Explain how economic prosperity of the 1920s impacted the United States.

The Postwar Economy Booms. Indicators of Affluence in Society Housing Babies Big Business Scientific Advancement Leisurely Activities.

Mass Production Debriefing

Influences economic prosperity Encourages growth of suburbs Changes patterns of leisure - road trips and vacations become commonplace Affected patterns.

American History Chapter 19-2 A New Economic Era.

1 Defining Economic Growth Economic growth: an increase in Real GDP. Small changes in rates of growth  Big changes over many years Compound Growth Rule.

The Business Boom of the 1920’s

Chapter 24 Section 3 A Booming Economy. Key Terms * recession- an economic downturn *GNP – Gross National Product Total value of all goods & services.

Business Fever Chapter 24, Section 2. In the 1920’s factories poured out new goods Refrigerators Other electric appliances New low priced cars Output.

ECONOMIC GROWTH Part II. II. PRODUCTIVITY AND ECONOMIC GROWTH.

Chapter 24, Section 3 Notes. Recession When the economy turns downward and is not doing well.

The 1920’s Postwar American Attitudes Disillusionment following World War I Disillusionment following World War I –Society was lacking in idealism and.

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.

U.S. History Ch. 7-1 A Booming Economy. Why It Matters After WWI, U.S. economy experienced huge growth Produced more in less time A modern consumer economy.

21.2 The Business Boom of the 1920’s. Four Main Factors fueled boom : 1.Effect of WWI on Technology: * during the war there was a labor shortage, combined.

A BOOMING ECONOMY SEC PAGES Define: Recession – scientific management – gross national product – productivity – welfare capitalism - installment.

Section 4.2 Understanding the Economy.  The goals of an economy  The various measurements used to analyze an economy  The four phases of the business.

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.

The 1920’s Postwar American Attitudes

UNIT #2 – INDUSTRIALIZATION LESSON #1 - Unites States Industrializes (92-93)

Chapter 3. 4 Types of Economy in USA 1. Agricultural – during Colonial era, people lived off the land and were primarily farmers 2. Service – also in.

Aim: How has Japan become an Economic superpower? Do Now: Worksheet.

THE 1920s ECONOMY Electricity % of manufacturing % of manufacturing Automobiles million on the road million on the road 1921.

Importance Of Exports. There are three Major Reasons Canada exports To pay for the things we import To keep our economy healthy. (Make money, create Jobs)

New Economic Era Mr. Williams 10 th Grade U.S. History.

Growth in the 1920sGrowth in the 1920s  Technology stimulated rapid economic growth  Before WWI only 30% of factories were run on electricity  By 1929.

1.How far did the US economy boom in the 1920s? 2.How far did US society change in the 1920s? 3.What were the causes and consequences of the Wall Street.

How and why did the USA’s economy boom in the 1920s?

The USA’s Economic of the 1920s. America of the 1920s was in a strong position after the war, compared to European countries. So she had plenty of money.

Ashley Haskell INTB  Population Million ◦ 4% living under poverty level  Per Capita Income- $15,782  GDP growth rate- 3.9%  Inflation.

Canada in the Post-War Era An Era of Social and Economic Change.

Topic: Prosperity, Depression and the New Deal ( ) The Post-World War I period was characterized by economic, social and political turmoil. Post-

Why was there an economic boom in the 1920s?

Section 2 “A Business Boom” Page  Consumer economy  Installment plan  Gross National Product (GNP)  assembly.

Warm-up: Wednesday ■ Think about all of the items you have with you right now (including clothing). ■ Which of these are mass produced? ■ Which of these.

EQ: What were the new methods of production during the 1920’s?

Economy and Policies of the 1920s

The Prosperity of the 1920s Analyze how technological innovations and increased production efficiencies led to economic prosperity and growing mass consumption.

PROSPERITY IN THE USA IN THE 1920S

The Business Cycle, Economic Growth and Development

Mr. Williams 10th Grade U.S. History

PROSPERITY IN THE USA IN THE 1920S

What led to the Economic Boom of the 1920s?

A Booming Economy Chapter 7 Section 1.

Chapter 36: Post War America

Bell work Technology & History, pg. 711

Warm-up: Why do you think the US economy boomed after the war ended?

Mass Production Debriefing

The Strength of the National Economy

Changes in American Society, Post-WWII

Expansion of Industry in the Gilded Age

The Economy During the 1920s

PROSPERITY IN THE USA IN THE 1920S

What is economic geography?

A Business Boom Chapter 21 Sec 2.

1920s Economy and Politics Mr. Turner.

Presentation transcript:

The 1920s: a time of prosperity During the 1920s, the United States’ economy grew significantly.

1. Manufacturing output rose more than 60% 2. Gross national product (total of goods and services) rose 5% a year 3. Industrial output per worker grew 33% 4. Per capita income grew 30% with virtually no inflation

To put that into perspective… A factory used to make 200 chairs in a week. Now that manufacturing output rose 60%, the factory makes how many? 200 X 1.6 ( 100 % of original plus 60% increase) = _____ 320 chairs

Output per worker grew 33% (1/3) in the 1920s, so… Jimbo works at a comb factory and he made 900 combs a day. How many does he make now? 900 X 1.33 (1 1/3) = ______ 1,200 combs! Which means more combs, and less tangled hair for everyone!!!!

This was due to many different reasons: During WWI, the European economies were destroyed. This left the U.S. as the only major industrial nation. The presidents of the 1920s put business at the top of their list of priorities for the country. The growth of advertising in mass- circulation magazines such as Time, Reader’s Digest, and the Saturday Evening Post

More reasons for economic boom… Technology innovations allowed for expansion, particularly in the auto industry million cars sold in 1920, 5 million in with more cars, people could spread out Cheap, readily available energy sources (coal, oil) made expansion affordable.

Possibly the most significant advancement was the assembly line.

Seabiscuit ZpwCY ZpwCY

PB & J factory