THE 1920s ECONOMY Electricity 1914 30% of manufacturing 1920 70% of manufacturing Automobiles 1920 8 million on the road 1929 27 million on the road 1921.

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THE 1920s ECONOMY Electricity % of manufacturing % of manufacturing Automobiles million on the road million on the road million sold million sold Employment: 7% of all wage earners in auto manufacturing; another 6% in steel, glass, rubber, etc. 2200% increase in oil sales 1300% increase in rubber sales $1.8 billion spent on highways

Agriculture Prices: agricultural prices fell 50%, while non-agricultural prices fell by 25% Farm debt rose 214% Foreclosures: /1000 farms /1000 farms Corporations Mergers: 6,000 mfg and mining companies merged into 1,200 companies. 4,000 utility companies ended. Super corporations: top 200 had 40% business wealth Trade Associations: 2,000 by 1929

Income Inequality

Debt Grew

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