WARM-UP: The next 3 weeks in a nut-shell Speed Bump 1919 Awesomeness! CRASH! Depression 1920s New Industries.

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Presentation transcript:

WARM-UP: The next 3 weeks in a nut-shell Speed Bump 1919 Awesomeness! CRASH! Depression 1920s New Industries

1920s: Return to Economic Prosperity! Today’s Goals: -H-How did our nation go from economic recession in 1919 to an economic boom in the mid 1920s? -D-Discuss the positive and negative aspects of the 1920s consumer society. We should start to think about how this decade caused the Great Depression.

1920s Economic Boom! Main Idea: The U.S. experienced stunning economic growth during the 1920s

How did our nation go from economic recession in 1919 to an economic boom in the mid 1920s?

Laissez-Faire Assembly Line Credit Knowledge/Tech Position #1 Advertising New Products Tariffs Share Confidence How did our nation go from economic recession in 1919 to an economic boom in the mid 1920s?

New Industries? New Industries lead to New Products…that have to be advertised. How is advertising important? Jobs, helps with sales. Etc Advertising

The ad first appeared in 1920’s, with the claim that blamed a woman’s single hood on bad breath! The sales of Listerine jumped from $100,000 in 1921 to 0ver $4,000,000 in 1927!!!

Real Quick Make Two Columns: Column 1 = write down all the materials needed to build a car Column 2 = write down all the companies that deal with anything car related

In order to have a good economy? You need to people to buy stuff. People who buy stuff are consumers Three Reasons we had a lot of consumers in the 1920s…

New Industries (cars & radio) = More Jobs 1920s Worker Wages Hours New “Cool Products = Increases Demand Consumer Society 1 2 3

Positives and Negatives of the 1920s Consumer Society In the 1920s =Strong Consumer Society People start buying on Credit/ Installment Plan Credit allowed consumers to buy more stuff 1920s economy was so good people had faith they could pay off debt = they overspent DEBT! Positive? Negative?

Henry Ford perfected the assembly line. (cars in the 1920s were extremely affordable) Paid his workers $5 a day! = better standard of living. Also, cars = mobility for people = spread culture/travel/enjoy life. If the car industry fails so would millions of other car-related businesses. …to 1920s Boom = NEW PRODUCTS TO BUY Industry #1 CARS

How did the growing importance of the car and other new industries improve U.S. standard of living? 1920s = development of the Airline Industry Why is the airline industry good for America? Jobs, enjoyment, access to other nations/materials. Industry #2 Flight

How did the growing importance of the car and other new industries improve U.S. standard of living? 1920s = development of the Radio Industry How is radio important? Jobs, entertainment, spread culture/news etc. Industry #3 Radio