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Republicans kept taxes low so Americans could spend their wages

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1 Republicans kept taxes low so Americans could spend their wages
In the 1920s, Republican presidents were elected (Harding, Coolidge, Hoover) who helped America “return to normalcy” by using pro-business policies Republicans kept taxes low so Americans could spend their wages Republican presidents kept government interference in business to a minimum to allow private enterprise to flourish

2 Pro-business policies meant no new progressive reforms
Americans felt confident that reforms had limited the influence of monopolies, cleaned up cities, and regulated the economy As workers’ wages rose and their hours declined, Americans were happy to spend their money

3 Advertising boomed to convince people to spend their money
Pro-business policies and mass production techniques led to an increase in consumer goods Advertising boomed to convince people to spend their money Wages are high and products are cheap The US becomes a consumer society Companies offered ways for consumers to buy on credit through monthly installment plans

4 Henry Ford’s mass production techniques made automobiles affordable for many Americans

5 Automobiles transformed America
By 1929, 1 of 5 Americans owned a car Car manufacturing became the biggest industry in America Cars gave people freedom and became a symbol of status

6 Country Club Plaza, the First Shopping Center
Automobiles stimulated other businesses like road construction, gas stations and shopping centers Country Club Plaza, the First Shopping Center

7 In the 1920s, American foreign policy “returned to normal” by embracing isolationism
The U.S. rejected the Treaty of Versailles and never joined the League of Nations

8 The USA passed the Dawes Act to give money to Germany
However, U.S. isolationism was selective because the USA did play a role in world affairs The U.S. hosted the Washington Naval Conference aimed to reduce the military strength of all nations The USA passed the Dawes Act to give money to Germany

9 The USA signed the Kellogg-Briand Pact to “outlaw” war
However, U.S. isolationism was selective because the USA did play a role in world affairs The USA signed the Kellogg-Briand Pact to “outlaw” war Member nations

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