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%
- 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
- Natural Resources
- 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%
- Electric lit homes
- 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%
- War
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