1. HOW THE BUSINESS MODEL OF THE 1920’S SET THE STANDARD FOR TODAY Business in The 1920’s

2. Henry Ford Creator and founder of Ford Motor Company. When he was younger, he lived on a farm. Father gave him a watch. Henry became interested in how the watch operated. Became a watch repairman.

3. Henry Ford (Cont.) Worked for Thomas Edison, who thought that Ford’s idea of a way of transportation was great. Ford eventually made a car that was good quality and affordable for many. The Model T was born!

4. How The Auto Industry Changed America Forever The auto industry changed how business was done. The assembly line revolutionized all business because: It made it easier for workers to become better and more efficient at a single job. Work got done faster. When work got done faster, more money was made. Created more jobs.

5. How The Auto Industry Changed America Forever The idea of interchangeable parts also made it cheaper to obtain specific parts. The competition between different companies helped boost economy with competitive pricing. It can be argued that the 1920’s Auto Industry was the most important business era in America.

6. THE INVENTION OF THE AUTOMOBILE DRASTICALLY CHANGED THE EVERYDAY LIVES OF AMERICANS IN THE 20 TH CENTURY. The Age of The Automobile

7. The assembly line, interchangeable parts, and the Model T made automobiles very affordable and ideal for the average American family. Automobiles went from being toys for the rich to a necessity for the everyday citizen. The Age of The Automobile

8. The automobile industry started with hundreds of companies but was soon dominated by three major companies: General Motors, Ford, and Chrysler. Ford was on top of the industry because of its cheap and efficient way of making a car. GM and Chrysler eventually passed up Ford when consumers started wanting new-looking, upscale cars.

9. Route 66 Route 66 helped many economies of small towns along the route. The route brought a burst of business and activity all a along the West, stretching from California to Chicago. Many American citizens were now able to easily access other parts of the country. People could sprawl out into urban living areas.

10. Airplane in the 1920s Alfredo Delgado and Gunner Lissick

11. The Uses of Airplanes Airplanes gained popularity when the federal government began to use airplanes for air mail. This drastically reduced the time a person had to wait to get mail from a few weeks to a few days. Airplanes in the early 1920s were also used for freight.

12. The Golden age The 20 years between WWI and WWII is referred to as the “Golden Age of Aviation.” Less than three months after the signing of the Treaty of Versailles, Germany initiated the world’s first passenger airline service using heaver-than-aircraft between Berlin, Leipzig, and Weimar.

13. Airplane popularity Passenger Airplanes in the United States didn’t really catch on until the late 1920s. The first commercial flights were often expensive and only the upper-class people could afford them. Airplanes being used for mail helped Airplanes to gain popularity.

14. Fun Facts Airplanes were generally built out of wood and canvas for the first decayed then slowly began to become metal. In 1927, the first airplane terminal was built for waiting and ticket office purposes. Charles Lindbergh became an international sensation for flying transatlantic from New York to Paris.

15. Business Policies of President Coolidge and Herbert

16. President Coolidge -He was the 30 th president of the United States. -He was a Republican lawyer from Vermont and worked his way up the ladder in Massachusetts politics. -Coolidge throughout his term restored public confidence with ending and fixing the scandals that were going on with the administration. -He was known as “Cool Coolidge.”

17. President Coolidge Business Polices He cut more taxes to put more money in the hands of consumers and inventors. Coolidge and Hoover forged a new era alliance between government and big business. He opposed the U.S. entry into the League of Nations. Coolidge also had special council investigate the Teapot Dome oil lease scandal in which the U.S. Secretary of interior was accused and convicted of taking bribes to lease federal oil reserves without competitive bribing. Coolidge honesty and integrity restored the publics faith in him.

18. President Hoover He was the 31 st president of the United States. He was a professional mining engineer. He was a cabinet secretary before he became a president. Believed strongly in the efficiency movement which was a movement to eliminate waste in all areas of the economy and society.

19. President Hoover Business Policies He promoted partnership between government and business under the rubric “economic modernization.” He asked big business leaders to not reduce wages in the face of rising unemployment. He focused tremendously on efficiency and believed it could enable government to play a larger role in the economy. During the Great Depression Hoover focused on six major areas: federal spending, agriculture, wage policy, immigration, international trade, and tax policies.

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