Download Analyze and interpret graphs, charts and statistics from 1920s.

630-635
- Analyze and interpret graphs, charts
and
statistics from 1920s.
- Explain how economic prosperity of the
1920s
impacted the United States.
Create:
1. Line Graph on “Number of Cars Sold
2. Bar Graph on “U.S. Imports and Ex
Billions $
U.S. Imports and Exports
10
9
8
7
6
Imports
Exports
5
4
3
2
1
0
1910
1920
1930
1940
1950
The Economy that Roared
• Henry Ford
• assembly line technique
• “Fordism”
• paid $5 per day
• reduced work week
The Economy that Roared
• Henry Ford
• assembly line technique
• “Fordism”
• paid $5 per day
• reduced work week
• Very prosperous decade:
• GDP up 40%
• worker output up 72%
• per capita income rose
by 1/3.
• Why?
• Huge wartime profits
• Taylor’s “scientific management” techniques
• Electricity
U.S. Imports and Exports
10
9
8
7
6
Imports
Exports
5
4
3
2
1
0
1910
1920
1930
1940
1950
The Economy that Roared
• Boom Industries
• Automobile
• Aviation
• Chemical
• Radio/Movie
The Economy that Roared
• Boom Industries
• Automobile
• Aviation
• Chemical
• Radio/Movie
• Corporate consolidation
• merged into oligopoly
• Ford, GM, Chrysler
• Utility companies
• Banking
Wheaties Radio Commerci
Coca-Cola Commercial (192
Charlie Chaplin
The Economy that Roared
• Attacked labor unions by:
• Open Shops
• Welfare Capitalism
• Yellow-Dog Contracts
• “Sick” Industries
• Coal Mining
• Textile Industry
• Railroads
• Coal Industry
• Agriculture
U.S. Level of Employment 1920-1940