1 / 11

Reflection

Examine what this advertisement is about. Reflection. The Roaring 1920s Business and Society. Consumer Economy – what is that?. Consumer Economy. Wages rose after the war Consumer Economy – depended on consumer spending! I would thrive in this system

basil-bird
Download Presentation

Reflection

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Examine what this advertisement is about Reflection

  2. The Roaring 1920sBusiness and Society

  3. Consumer Economy – what is that?

  4. Consumer Economy • Wages rose after the war • Consumer Economy – depended on consumer spending! I would thrive in this system • Installment Plans – buying on credit – why do you think this would help the economy? • “The Electric Slide” – new products depended on electricity to operate – Ex. washing machines • General Electric evolved from Thomas Edison’s electric light business • Became a billion dollar industry and one of the worlds largest companies

  5. What can I Buy?

  6. Ford and the Automobile • Car invented in 1892 – 1920 8 million on road – 15 million increase during 1920s • Henry Ford – began in a lighting company as an engineer • 1896 Ford creates “quadricycle” • 1908 he sells 30,000 model T type automobiles • “Democratize the Automobile” – assembly line • Parts came to the workers

  7. Ford and the Automobile

  8. The Assembly Line Model T every 24 seconds

  9. Ford – A Complex Man • Vertical Consolidation – he controlled every aspect of his business including raw material companies – wood, coal • Low Cost – no competition – same style • Competition – other companies emerged to challenge Ford – like Chevy – more colors • No concept for society – refused to change company with the times • Blamed Jews for world problems

  10. Automobile companies were by far the largest in the country Other industries – motels, gas stations, highways, etc. Monopolies decreased even though they grew financially “Get your kicks on Rt. 66” – Nat King Cole Industrial Growth

More Related