economis in 20s america
- Created by: shannonboulton
- Created on: 07-05-19 12:20
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- roaring 20s economics and business
- big business back; after progressive era breaking down monopolies but no longer concern so have some big businesses
- industry & business combined together to make loads of things for American's, finding loads for them to buy
- but do american's want it?
- how do you create a consumer economy that'll enable to want ot keep buying thigns that American industry makes & continue to profit...
- bloom in advertisement/rise in cinema's with movies and adverts; makes American's realise things they never had before are essential & can't live without them
- American's have loads of money to spend, so what do they spend it on?
- how do you create a consumer economy that'll enable to want ot keep buying thigns that American industry makes & continue to profit...
- but do american's want it?
- new leisure in society, reduced working hours so more free time
- firs radio, jaz singer
- rise in technology; cars, airplanes, automobiles (1927 sees first solo fly across Atlantic)
- union membership growing steadily in reaction to growing industrialisation of gilded age/progressive era
- comes to end; decline in union membership partly due to increased prosperity, improved working conditinos, and increase wealth so people don't feel driven to join
- urban workers seeing increase wages
- 1920= 5M 1929= 3 1/2
- comes to end; decline in union membership partly due to increased prosperity, improved working conditinos, and increase wealth so people don't feel driven to join
- rural american's still suffering
- over production continues, farmers still left behind in this increasingly urban and industrial modern america
- low prices leave farmers out of the loop and exclude them from roaring 20s
- little gov support and sympathy for agricultural american's who are left behind, congress attempts to raise prices but is Veto'd by Collidge
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