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Published byPauline Gray Modified over 6 years ago
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Changing part of what is best about the United States …
“With silent lips. "Give me your tired, your poor, Your huddled masses yearning to breathe free, The wretched refuse of your teeming shore. Send these, the homeless, tempest-tost to me, I lift my lamp beside the golden door!” -- “New Colossus” by Emma Lazarus Not Positive U.S. History events … History of Slavery History regarding interactions w/ Native Americans “Espionage Act of 1917” Many others …
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“Roaring Twenties” A Culture of Optimism …
By end of 1920’s, majority of homes have electricity Flappers Impact of radio Impact of automobile Scopes Trial Rise of K.K.K. & Nativism
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1920’s – An Era of Optimism (1) Credit culture of America in the 1920’s (2) “Buying on the Margin” – risky investments in stock market speculation (3) Farmers over-invest, taking out loans for more land and farm equipment (4) Overproduction in farm products and consumer goods
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Henry Ford’s Automobile
(1) How does the automobile change American culture? (2) What is interesting about the video?
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“Roaring Twenties” Economic Prosperity Henry Ford and the Model T
His innovations … His philosophy … Price per car: $850 $490 $360 $294 “Five dollar day” … Weekends off … “Impact of the Automobile” …
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“Roaring Twenties” Economic Prosperity “Quality of Life” improves …
Real per capita earnings increase Shorter workday “Welfare Capitalism” … Workers can buy stock, participate in profit sharing, and receive medical care & pensions United States, #1 economy, Post-WWI European businesses had to borrow … Creditor nation …
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“Roaring Twenties” Read page 479: “Economic Growth in the 1920s” to “The Bull Market” – How does advertising and “Installment Buying” change consumer behaviors? Consumer Revolution… Magazine and newspaper ads Installment plans … Bull Market … Free Enterprise System …
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“Roaring Twenties” A Culture of Optimism … Rise of Advertising
Credit culture / Installment Plan By 1927, 75% of all household goods were purchased on credit
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