By: Tyler Melvin Dustin Sapp Calee Tyson

Viewed as an era of economic prosperity, driven by the new consumer goods This decade saw North America becoming the richest country on Earth At the same time this era was the setting stone for the Great Depression which would dominate the 30’s

At the end of WW1 soldiers returned with money in their pockets and many new products to spend it on At first the end of wartime production caused a brief but deep recession but the economy rebounded after soldiers returned to the workforce and factories began making consumer goods

The 20s brought along with it mass production which in turn brought cheaper prices for technology and the 20% increase in wages for middle class workers made them easily accessable Radios and movies were skyrocketing. Radios were the main source for media and entertainment One of the most important technologies was the automobile By 1927 there were 15 million model T Ford automobiles sold

The conservative Supreme Court strikes down on federal child labor legislation Surpreme Court nullifies minimum wage for women in District of Columbia The stock market begins its spectacular rise, with little relation to the rest of the economy The top tax rate is lowered to 25% (lowest top rate in the eight decades since WW1) Construction boom is over, farmers share of national income drops from 15 to 9% since since 1920

1929 More than half of all Americans are living below a minimum subsistence level Annual per-capita income is $750 for farmers only $273, Automobile sales decline by a third Construction is down $2 billion since 1926 Recession begins in August production declines at an annual rate of 20% wholesale prices at 7.5% and personal income at 5% October 24 the Stock market crash begins marking “Black Tuesday” losses for the month total 16 billion Congress passes Agricultural Marketing Act to support farmers until they can get back on their feet