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The roaring twenties

The roaring twenties . If you were an actor…. You would make $ 7,800 annually. You would typically live within larger cities . You would purchase items in full, not by installment buying. An Actor’s Weekly Finances. Gets paid $150 a week Pays $27 a week in rent (large apartment)

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The roaring twenties

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  1. The roaring twenties

  2. If you were an actor… • You would make $7,800 annually. • You would typically live within larger cities . • You would purchase items in full, not by installment buying.

  3. An Actor’s Weekly Finances Gets paid $150 a week Pays $27 a week in rent (large apartment) Pays $17 a week in utilities Must purchase groceries

  4. If you were an industry worker… • You would make $1,236 annually. • You would live within large cities to be close to the factory in which you worked. • You typically would make large purchases using installment buying.

  5. Industry Worker’s Weekly Finances Gets paid $24 a week Pays $10 a week in rent (small apartment) Pays $4 a week in utilities Must purchase groceries

  6. If you were a farmer… • You would make $742 annually. • You would live in the country, utilizing the resources produced on your farm, as well as trading to obtain necessities. • Large purchases would have been made on installment buying.

  7. A Farmer’s Weekly Finances • Gets Paid $14 a week • Pays no rent, they generally would have purchased/built their own home • No utilities to pay. • Water pumped from well • Electricity generated by wind • Must purchase groceries that cannot be grown/obtained from the farm.

  8. Cost of Groceries • 1 Pound Apples: $0.11 • 2 Pounds Roast: $0.82 • 3 Pounds Steak: $1.41 • 1 Pound Bread: $0.12 • 1 Pound Butter: $0.71 • 3 Pounds Chicken: $1.32 • 1 Pound Coffee: $0.43 • 1 Dozen Eggs: $0.78 • 1 Gallon Milk: $0.66 • 1 Bushel Potatoes: $0.66 • 1 Pound Rice: $0.17 • 1 Pound Sugar: $0.18 • Weekly Total For Groceries: $7.37

  9. Ford Model – T: $650 Installment Buying: $5 week for 3 years All Electric Radio: $150Installment Buying: $2 a week for 2 years

  10. Pocket Watch: $60Installment Buying: $2 a week for 1 year New Shoes: $5Installment Buying: Not applicable

  11. Winchester Rifle: $100Installment Buying: $3 a week for 1 year

  12. Hats: $3Installment Buying: Not applicable Nylons: $4Installment Buying: Not applicable

  13. New Tractor: $400Installment Buying: $4 a week for 3 years

  14. No Power Vacuum: $50Installment Buying: $2.50 a week for 6 months Work Boots: $15Installment Buying: $1 a week for 6 months

  15. Refrigerator: $180Installment Buying: $4 a week for 1 year Stove: $120Installment Buying: $3 a week for 1 year

  16. Dryer: $150Installment Buying: $2 a week for 2 years Washer: $98Installment Buying: $3 a week for 1 year

  17. Baby Grand Piano: $650Installment Buying: $4.50 a week for 3 years Phonograph: $120Installment Buying: $1.50 a week for 2 years

  18. During the Roaring Twenties… • Forty percent of annual income was spent on personal belongings. Therefore, you must spend AT LEAST: • Actors: $3,120 • Industry Workers: $495 • Farmers: $297

  19. Find out how much money you have after expenses/bills each week. • Decide which items you can afford to purchase • Can you still buy items in full? • What will you now be purchasing with installment buying?

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