A firm Economic Foundation for 1920's Boom

Reason'd for the Economic boom of 1920's not depth

  • 80/100 went to cinemas per week (80-100 mill)
  • Inflation never aboce 1%
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  • Created by: Dracupine
  • Created on: 18-05-13 17:57
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  • The Economic Boom 1920's
    • War
      • Creditor Nation
      • "Won the war"
      • Took other markets over
    • Agriculture
      • Natural Resources
        • Oil
        • Coal
        • Gold
      • Farming
      • Output per worker up 43%
      • Oklahoma begins oil in Texas
      • Production rose 80% 1922- 1929
      • 70%
      • Self sufficient
    • Rockafeller
      • American Dream (positive)
      • Attitudinal
      • Life expendancy 47yrs -60yrs
      • Rockafeller: Nothing to riches man in world
      • Entrapreneur
    • Corporations
      • Ford
      • HUGE Companies
        • 1920's $173 mill
        • 1929- £1.5 bill
      • 1 mill fridges 1930
      • 1929- $852 radio's sold
    • Electricity
      • Electric lit homes
        • 1912- 10%
        • 1927- 63%
    • Transportations
      • Mass Market
      • Strong transport network created during war
      • Connected more overall
      • Communication improved
    • population
      • Hours of work reduced from 47 h to 44
      • 1900-1910 8 million immigrated
        • Cheap labour
      • Unemployment fell 11.9% to 3.2%
      • Population vastly increased
      • Wages rose by 26%

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