1. 1920s

2. Warren G. Harding (1921-3)
Calvin Coolidge ( )
Herbert Hoover (

3. Decade of Prosperity Industry *Percentage Increase, 1922-28
Industrial Production: 70%
Gross National Product: 40%
Per Capita Income: 30%
Output per factory man hour: 75%
Average Work Wee- -4.4%
Corporate Profits: 62% ( )

4. Unemployment Rate

5. GDP

7. DJIA

8. Causes World War 1 Technology Government (Laissez Faire)
Deregulation- FTC
Tariffs (Fordney and Smoot )
Tax rates
Mellon tax plan-refinanced national debt/balanced budget/Federal Reserve to lower interest rates
1922-Top tax rate 77% to 24% in 1929