The Roaring 20's:
- America entered the age of consumerism where people had money to spend on consumer goods.
- The spending stimulated industry and business, leading to massive change in entertainment and leisure.
- Fashion changed, bringing in bobbed hair, shorter skirts, make up and cigarettes. These woman were known as flappers.
- Certain woman won the right to votes, and new laws meant that woman could file for a divorce.
- However, more the 60% lived below the poverty line.
Industry and social change:
- Industrial production virtually doubled in the 1920's. America was in the cycle of prosperity.
- The 5 causes of this were isolationism, technology, mass production, hire purchase and shares.
- Isolationism- the government imposed high import tariffs to limit foreign competition and to keep out of foreign affairs.
- Technology- advances led to the rise in the electrical, chemical and film industries and new products were available to buy.
- Mass production- Henry Ford's assembely line method increased car production, other factories copied this so mass production spread.
- Hire purchase- buying now and paying later meant that more people could afford products and increased the demand for goods.
- shares- business raised money for expansion by selling shares on the stock exchange.
Problems in the 1920's:
- Farmers, industrial workers and African Americans all struggled in this period.
- Farms were producing too much, which led to food prices dropping.
- Farm Labourers earned around $49 a mouth where as a skilled factory worker could earn $140 a mouth.
- Because of America's high import tariffs, countries put customs duties on all American goods. This reduced American exports.
- Modern machinery and electricity meant facotries…
Similar History resources: