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Unit 3: The years of prosperity, 191929
Where was there growth and development growth of suburbia, cars,
consumer goods, electrical power, new forms of entertainment?
The reasons for the economic growth new technology, development of
credit, advertising
The role of the government in the economy laissezfaire but also
protection. The…

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amenities that were offered noticeably improved. Between 1920 and
1930, the numbers of families wit inside flush toilets rose from 20% to
51%.
o For those who benefitted from the boom, the development of consumer
production In the 1920s meant that their standard of living saw a visible
improvement. The…

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o Sears also opened its first department store in Chicago in 1925.

o One of the most important stimulants to demand was the use of
consumer credit, which began in the motor industry.
o Motor manufacturers would set up finance companies to help dealers
buy their cars when demand was…

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energy and imagination to the newly emerging technology and in the

process created the dominant art form of the 20th century.
o By 1920, there were 20,000 cinemas in the USA.
o Cinema going was essentially a luxury pastime. It needed the
disposable income that came with the prosperity of…

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production as so much had to be spent on training new employees to do
the work.


o Ford changes the conditions of employment in his factory: 5th January
1914= wages more than doubled making them increase to $5 per eight
hour day as well as introducing a profitsharing scheme. All…

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o Increase in car use created mobility= people were now able to travel far
more easily, making the distance between Urban and rural lives to begin
to break down. People had access to more activities in their leisure time.
o Increased growth of suburbs as travel became easier.
o Ford…

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o Coolidge generally supported business and acted and legislated only on
what he believed to be absolutely necessary during his years in office.
o The years of his presidency coincided with the height of the economic
boom and did not run for the 1928 election, leaving behind a fairly secure…

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o Lower tariffs would mean lower prices for consumers but could leave
American industries competing with cheaper foreign products.
o Republican Politian's= concerned that higher levels of imports would
threaten economic prosperity
o Idea of protectionism that this embodied sat comfortably with the
isolationism of withdrawing from the League of…

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o American farmers= competing in the world market again and their profit
margins dropped.
o 19191921, value of farm products more than halved from $10 billion to $4
billion.
o Farming did not share the boom of the 20s and remained depressed.
o Debts and foreclosures on farm mortgages became…

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o (role of supply and demand in stimulating the boom and also how the
government policies might have impacted)
o ( at times there are no clear cut answers available to historians)

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