1. Chapter 22 – Section 4
The economy of the 1920’s

2. Industrial Growth Industrial production recovered after the war.
From it climbed 70%.
Many companies successfully switched from making military goods to consumer goods.
Installment buying was offered and America went crazy!
1925- Americans got 75% of their cars by using installment plans.

3. Middle class women affected the most!
Because they had stuff like this,
they then had time for this!

4. Ford Model A

5. A Booming Stock Market
With a strong economy people were buying lots of stock and this created a bull market.
Stock was so profitable people began buying it on margin!
Many people got rich doing this.
By 1928 some were warning that the value of the stocks was over inflated
But most ignored these warning signs.

6. Signs of Trouble
Farmers were among the groups that did not participate in the good times.
2. Workers (especially unskilled)

7. Smith wins big in cities, but loses every state except Seven!
The Election of 1928
Republican
Democrat
Smith wins big in cities, but loses every state except Seven!
Former Secretary of Commerce (trade).
Rural residents and Protestants supported him.
Former New York Governor.
First Catholic to ever run.
Immigrants, Catholics, and urban residents supported him.