1920s

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1920s

• Business Cycles

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• In the 1920 presidential election, voters chose a
  man who promised a return to prosperity. Who?
• A. Woodrow Wilson
• B. Warren G. Harding
• C. Herbert Hoover
• D. James M. Cox

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• According to the trickle down theory, what
  happens with tax cuts are given to wealthy
  people?
• A. They get wealthier.
• B. They hire more employees.
• C. They pay less taxes.
• D. They save more money.

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• Which of the following BEST describes the Harding
  and Coolidge administrations of the 1920s?
• A. pro-free trade
• B. Pro business
• C. socially progressive
• D. antitrust

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• In 1928 Hoover was elected over Democrat nominee
  Alfred E. Smith. Which of the following is a
  reason that Smith did not win?
• A. He was very old.
• B. He was very young.
• C. He was African American.
• D. He was Catholic.

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• Business boomed during the 1920s until 1928
• There was a rapid economic growth following the
  end of the War
• From 1921 to 1929 the US doubled its output
• Jobs and wages also increased but not nearly like
  the amount of money that the owners were making

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• Henry Ford, Model T, and the assembly line
• Ford saw the car as a means of transportation not
  just the wealthy
• He saw it as a means for the everyday person to
  get around
• In 1908 his model T, AKA Tin Lizzy sold for
  850.00

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• By 1925 thanks to advances in the assembly line
  and production the cost was down to 290.00
• The time taken to build a car dropped from 14
  hours to 93 minutes with the advent of the
  Assembly line

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• 1914 Ford raised the price that he paid workers
  to 5.00 per day
• This compared to 2-3 per day other places
• Ford wanted to keep his workers there and happy
• Reduced the work day from a 12 hour day down to 8
• Employed people who others would not like African
  American and people with disabilities.

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• To make the very cars that the workers were
  building available to them he cam up with an
  installment plan for them
• He allowed them to buy a car with very little
  down and make payments
• Other car companies followed suit
• Even offered cars in colors other then Black

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• Fords assembly line was picked up and used all
  across America
• His idea of using an installment plan moved from
  cars to other parts of the country also

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• New products were coming of age
• Things that were for the home as well as for the
  road.
• By the 1920s it would no longer be a necessity
  to haul ice to your kitchen to keep food lasting
  longer

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• The advent of Advertisement boomed
• They targeted the wife
• Washing machines that could be used in the home
• Used the idea that these new products would make
  you life much easier and get you work done in
  less time

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• The camera was making its debut
• Kodak was the top seller with their camera
• The idea of an instant photo

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• Advertisements in all areas were now common place
  in magazines and newspapers
• As sports became more popular they also were
  found in the advertisements

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• Along with the advertisements for home and sport
  things came the newest and greatest things that
  came to the market
• The Radio
• Along with what you could expect to hear and
  experience

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• Though just a few of the ways businesses changed
  they did offer Americans and the world a new way
  of life
• People benefited from the advancements in
  technology
• Their work life became mundane because of the
  lack of skills required to work in the new High
  Tech jobs
• Quality time with the family increased with the
  decrease of the work day

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• Installment plan, buying on credit was widespread
• Not only were companies allowing people to buy on
  Credit homeowners were able to go to banks to
  obtain loans for many things.
• Businesses were booming because of the money made
  available to them through the stock market
• This prosperity was to remain through the late
  1920s when things would start to fall apart