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

Slides:

Advertisements

Similar presentations

The Economy During the 1920s

Advertisements

A Growing Economy.  By the end of this lesson you will:  Describe an assembly line.  Tell what tradition International Harvester started.  State what.

Unit 5 - The Business of America

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

How did Henry Ford change the world?. Learning objective – to be able to explain the impact of Henry Ford’s mass production techniques. I can describe.

Chapter 14 The Jazz Age Section 1 Boom Times. Prosperity and Productivity After the period of demobilization, the economy soared under Republican leadership.

Chapter 13, Section 1 Things to Know

Economics of the 1920s. NEW INVENTIONS PROMOTE PROSPERITY CONSUMER REVOLUTION!

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.

Trade THE DAWES PLAN US Germany England & France 1. US loans Germany money to pay reparations 2. Germany pays back allies on agreed upon lower rate 3.

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.

Henry Ford Model ‘T’ Ford & The Cycle of Prosperity By Mr RJ Huggins

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

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

Section 1: A Booming Economy

From War to Peace 19.2 A New Economic Era.

Mass Production Debriefing

C HAPTER 24 Section 3 A Booming Economy Made by 6 th grade student 2008.

American History Chapter 19-2 A New Economic Era.

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.

Henry Ford Model ‘T’ Ford & The Cycle of Prosperity.

LT: I can explain how new technology caused the economy of the 1920’s to boom.

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

Model ‘T’ Ford & The Cycle of Prosperity

Describe each picture. What might each represent about the 1920’s?

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.

A Growing Economy. Mass production and the assembly line allowed new industries, such as automobile and airplane manufacturing, to grow. Mass production.

The Economic Boom.

A B OOMING E CONOMY O BJECTIVES Explain the Impact of Henry Ford and the automobile. Analyze the consumer revolution and the bull market of the.

Henry Ford Model ‘T’ Ford & The Cycle of Prosperity.

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

TEKS 8C: Calculate percent composition and empirical and molecular formulas. Chapter 13.1: The Economy During the 1920s.

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

Economics of the 1920s. 1. HOW DID THE CAR INDUSTRY AFFECT AMERICAN ATTITUDES AND/OR VALUES? 2. EXPLAIN HOW ADVERTISING BECAME MORE OF A PSYCHOLOGICAL.

 What is the Model T Ford?  List some ways that the automobile revolutionized transportation in America?

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

THE BOOOM TIMES THE BOOM TIMES. PROSPERITY People now have more money Gross National Product (GNP) - means the amount of goods/services produced by an.

1920s A Business Boom.

20’S TECHNOLOGY & IMPACT. THE 1920’S WERE A TIME OF INNOVATION…. Many products were invented… And many products which had been invented earlier were popularized!

Why was Henry Ford so famous? Objective: Know how Henry Ford revolutionised the motor car industry and how cheap reliable cars revolutionised America.

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.

Mass Production & Production Lines Lesson Objectives -To understand how the process of mass production contributed to the 1920s economic boom.

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

A New Economic Era Unit 2 Section 2 Part 7. Discussion Question How would you describe the United States after World War I? What were some things that.

Chapter 25 Section 1 The Cold War Begins Section 1 A Booming Economy Explain the impact of Henry Ford and the automobile. Analyze the consumer revolution.

Birth of Modern America Chapter 11 Section 2 Mr. Smith.

Left Hand Side  27 Automobiles Right Hand Side  A roar or yawn?3/18.

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

The Economy During the 1920s

The 1920s: Mixed Economic Development

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

A Growing Economy Chapter 16 Section 2.

Mr. Williams 10th Grade U.S. History

The Roaring Twenties A Booming Economy.

ESSENTIAL QUESTION: What factors sparked the prosperity of the 1920s?

Bell work Technology & History, pg. 711

Objectives Explain the impact of Henry Ford and the automobile.

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

The Economy During the 1920s

Objectives Explain the impact of Henry Ford and the automobile.

Objectives Explain the impact of Henry Ford and the automobile.

Objectives Explain the impact of Henry Ford and the automobile.

The Economy During the 1920s

Objectives Explain the impact of Henry Ford and the automobile.

A Booming Economy.

Presentation transcript:

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

Management and WorkersManagement and Workers  Many business adopted mass production techniques.  Assembly line introduced by Henry Ford  Business also tried to build better relationships with workers  Welfare capitalism- link workers more closely to the company they work for  Safety programs  Health and accident insurance  Stock options

Consumer EconomyConsumer Economy  In the 1920s more than 60% of households had electricity  Refrigerators, stoves, vacuum, radios  Business spent more money on advertising to persuade people to buy products  Newspapers  Radio adds  Installment buying- buying products by promising to pay a small amount over a period of time  Credit

The Automobile AgeThe Automobile Age  During the 1920s the car became an important part of American life  Almost 4 million American worked for auto companies  Henry Ford was a pioneer in making affordable dependable autos with his Model T  Built using the assembly line

The Ford Model-TThe Ford Model-T  Produced from the attraction of the Ford Model-T was that its price never increased.  Costing $1200 in 1909, the price in 1928 was only $295.  By 1929 Ford was producing more than one car per minute.

Mass ProductionMass Production  Ford was able to sell cars at a low cost because they were mass-produced and every part was Standardized (only one colour and one engine size were available).  By the mid 1920s other car manufacturers cut into Ford’s sales by offering autos with various improvements  Began the practice of introducing new cars each year

Automobiles Effect On Other Industries  America’s new love of driving called for many new items  Highways  Gas stations  Rubber  Travel for pleasure became a regular part of daily life  Cars also contributed to the spread of the suburbs

Those Left BehindThose Left Behind  Railroad workers and coal miners had a difficult time as trucks took business from railroads and electricity replaced power  Workers wages rose slightly but the cost of living rose more  By 1929 nearly 3/4 ths of American families had incomes below $2,500