1. Booming Economy
Chapter 7: Section 1

2. What do we know about the 1920s?

3. Automobile Industry Henry Ford – revolutionizes production
Mass Production – large # of identical products
Cars a symbol of wealth
Model T- car the ave. American could afford
Assembly line production
From $850 in 1908 to $290 by 1927
% had cars, %

5. Assembly Lines and Work Place
Scientific Management- reduce time, effort and expense
Doubled wages, lowered work day to 8 hrs., weekend off
Would become potential customers

6. Cars Change America Stimulated growth in other sectors
Road construction – numbered highways
Services – gas, diners and motels
Sense of freedom and prosperity
Development of suburbs

7. Consumer Revolution New affordable goods to the public
Psychological research in advertising
Installment buying – down payment, regular monthly payments