Download 1920`s Business Boom

1920’s Business Boom
14.2 Notes
What is a Consumer Economy?
 An economy that depends on large amounts of ________________ by individuals
What type of monetary habit did Americans traditionally value?
• ________________ (buy only what you need and save your money)
What Changes in the 1920’s led to Americans buying more “stuff”?
• _________________
• Clever advertising
• Focused on “Consumer Image”
 _____________
 (especially electronic household items, i.e., washing machine, vacuum, ovens,
etc.)
 Easy availability of _______________ (installment plans)
 Caused HUGE economic gains
Henry Ford and Mass Production
• What Techniques allowed Henry Ford to revolutionize car production?
• _________________________ - Use of assembly line increased productivity in
the workplace by making workers jobs simple and repetitive
• __________________________ - Use of vertical consolidation allowed Ford to
cut costs at his manufacturing plants by controlling all parts of the manufacturing
process.
Treatment of workers
• Good – Paid ____________ than normal wages to workers in the early 1900’s
• Bad – Forced immigrants to _______________, used violence to break unions
What new industries sprang up as a result of the automobile boom?
• Campgrounds
• Public Transportation
• ________________________
• Highway construction
• _________________________
What happened to America’s top companies during the 1920’s?
They doubled in worth under _________________________ Leadership
Which Americans were bypassed by the boom of the 1920’s?
• _________________
• Unskilled workers
• _________________
• Ranchers
• _________________
• Railroad employees