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THE 1920s ECONOMY Electricity 1914 30% of manufacturing 1920 70% of manufacturing Automobiles 1920 8 million on the road 1929 27 million on the road 1921.

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Presentation on theme: "THE 1920s ECONOMY Electricity 1914 30% of manufacturing 1920 70% of manufacturing Automobiles 1920 8 million on the road 1929 27 million on the road 1921."— Presentation transcript:

1 THE 1920s ECONOMY Electricity 1914 30% of manufacturing 1920 70% of manufacturing Automobiles 1920 8 million on the road 1929 27 million on the road 1921 1.5 million sold 1929 5 million sold Employment: 7% of all wage earners in auto manufacturing; another 6% in steel, glass, rubber, etc. 2200% increase in oil sales 1300% increase in rubber sales $1.8 billion spent on highways

2 Agriculture 1920-1922 Prices: agricultural prices fell 50%, while non-agricultural prices fell by 25% Farm debt rose 214% 1910-1920 Foreclosures: 1914-1920 3/1000 farms 1922-1929 15/1000 farms Corporations Mergers: 6,000 mfg and mining companies merged into 1,200 companies. 4,000 utility companies ended. Super corporations: top 200 had 40% business wealth Trade Associations: 2,000 by 1929

3 Income Inequality

4 Debt Grew

5

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