1. The Business of America Under Coolidge
How Does Coolidge’s Conservative Policies create Economic Growth During the 1920s?

2. Industry flourished under Coolidge
Coolidge believes in Laissez Faire economic system, a very pro- business attitude
Low taxes, easy credit = more profits, able to expand
Keeps tariffs high on foreign imports
Investment in stock market
Result: Wages and productivity increases

3. The Automobile Spurs Growth
Paved roads and highways are built
Best known is Route 66 from Chicago to LA
Route 66 has businesses along highways including gas stations, motels, restaurants
First traffic lights are put in major cities
First underwater tunnel for cars is built connecting NJ & NY (Holland Tunnel), also first cloverleaf traffic patter built in NJ
Urban Sprawl: cities grow as workers able to drive to work faster, houses now come with garages

4. Airline Industry Begins
Post WWI, planes used to transport mail
Lindbergh & Earhart prove airplanes can be viable transportation
Pan American Airways forms, begins carrying both passengers and packages

5. Standard of Living Rises
Average annual income rises 35%
Advances in electricity give power to more people
Electrical appliances change life in the 20s
Modern Advertising begins in the 20s
Electric Iron
Refrigerator
Washing Machine

6. Superficial Prosperity
Signs of problems to come were ignored
Growing income gap between workers & managers
Iron, RR, farming industries suffering
People buying things on credit, monthly payments more than they can afford
Overvalued homes & land
People gambling on stock market