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USA IN THE 1920s. US Economic Boom ….. How far? US Wealth: * Industrialised * Resources and the people New Industries: * Increase in total production.

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Presentation on theme: "USA IN THE 1920s. US Economic Boom ….. How far? US Wealth: * Industrialised * Resources and the people New Industries: * Increase in total production."— Presentation transcript:

1 USA IN THE 1920s

2 US Economic Boom ….. How far? US Wealth: * Industrialised * Resources and the people New Industries: * Increase in total production * Electrical goods * Chemical industry

3 Rising wages: * Increase in wages * Prices stabilise * Mass production Government Policies “Business of America is business” * Low taxes * Investment * Import tariffs * Laissez-faire

4 Hire Purchase * Buying on credit * Mail order catalogue Advertising became a huge industry

5 Laissez-faire policy – anti workers Weak unions * No trade unions * Refusal to employ union members Exploitation

6 Henry Ford and the Automobile Industry What were the social consequences? Brainstorm the advantages and disadvantages

7 Who did not benefit?

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