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630-635630-635
- - AnalyzeAnalyze and interpret graphs, and interpret graphs, charts and charts and statistics from 1920s. statistics from 1920s.
- - ExplainExplain how economic prosperity how economic prosperity of the 1920s of the 1920s impacted the United impacted the United States.States.
Create:1. Line Graph on “Number of Cars Sold”2. Bar Graph on “U.S. Imports and Exports”
U.S. Imports and ExportsU.S. Imports and Exports
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1910 1920 1930 1940 1950
ImportsExports
Billions $
The Economy that RoaredThe Economy that Roared• Henry FordHenry Ford
• assembly line techniqueassembly line technique• “ “Fordism”Fordism”• paid $5 per daypaid $5 per day• reduced work weekreduced work week
The Economy that RoaredThe Economy that Roared• Henry FordHenry Ford
• assembly line techniqueassembly line technique• “ “Fordism”Fordism”• paid $5 per daypaid $5 per day• reduced work weekreduced work week
• Very prosperous decade:Very prosperous decade:• GDP up 40%GDP up 40%• worker output up 72%worker output up 72%• per capita income roseper capita income rose by 1/3.by 1/3.
• Why?Why?• Huge wartime profitsHuge wartime profits• Taylor’s “scientific management” techniquesTaylor’s “scientific management” techniques• ElectricityElectricity
U.S. Imports and ExportsU.S. Imports and Exports
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1910 1920 1930 1940 1950
ImportsExports
The Economy that RoaredThe Economy that Roared• Boom IndustriesBoom Industries
• AutomobileAutomobile• AviationAviation• ChemicalChemical• Radio/MovieRadio/Movie
The Economy that RoaredThe Economy that Roared• Boom IndustriesBoom Industries
• AutomobileAutomobile• AviationAviation• ChemicalChemical• Radio/MovieRadio/Movie
• Corporate consolidationCorporate consolidation• merged into oligopolymerged into oligopoly
• Ford, GM, ChryslerFord, GM, Chrysler• Utility companiesUtility companies• BankingBanking Wheaties Radio Commercial
Coca-Cola Commercial (1929)
Charlie Chaplin
The Economy that RoaredThe Economy that Roared• Attacked labor unions by:Attacked labor unions by:
• Open ShopsOpen Shops• Welfare CapitalismWelfare Capitalism• Yellow-Dog ContractsYellow-Dog Contracts
• “ “Sick” IndustriesSick” Industries• Coal MiningCoal Mining• Textile IndustryTextile Industry• RailroadsRailroads• Coal IndustryCoal Industry• AgricultureAgriculture
U.S. Level of Employment 1920-1940
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