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Published byMicah Raphael Modified over 9 years ago
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1920s – A Business Boom Kansas City = nations first shopping center A&W Root Beer = first fast-food chain restaurant Advertising became big business
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Consumer Economy: An economy based on people buying a lot of stuff Depends on a large amount of buying by consumers
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What drove Growth? Advertising, new products, lower costs & credit led to a business boom Credit/Installment plans 60% of all cars 70% of all furniture 80% of all radios, refrigerators 90% of all washing machines Cheaper Power New appliances & housing boom quadrupled demand for electricity
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Henry Ford & The Model T Assembly Line – a manufacturing process where each worker has a specialized task in the end product
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