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The Business of America

The Business of America. I. American Industries Flourish. A. The Impact of the Automobile 1. Construction of paved roads such as Route 66. 2. New houses were built with a garage and driveway. 3. Connected the rural family to the city.

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The Business of America

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  1. The Business of America

  2. I. American Industries Flourish • A. The Impact of the Automobile • 1. Construction of paved roads such as Route 66. • 2. New houses were built with a garage and driveway. • 3. Connected the rural family to the city. • 4. An urban sprawl developed as cities spread in all directions.

  3. 5. Produced an economic base for cities such as Detroit and Pontiac Michigan. • 6. The auto industry symbolized the success of free enterprise and the Coolidge era. • 7. By the late 1920s 80% of the vehicles in the world were in the U.S. and 1 in 5 Americans owned an automobile.

  4. Assembly Line

  5. B. The Young Airplane Industry • 1. Airplanes began as a mail carrying service for the U.S. post office. • 2. In 1927 Pan American Airways introduced the first transatlantic passenger flights. • 3. Transatlantic flights by Charles Lindbergh and Amelia Earhart promoted the use of airplanes.

  6. II. America’s Standard of Living Soars • A. Electrical Conviences • 1. The wide use of electricity allowed Americans to use such appliances as refrigerators, vacuum cleaners, sewing machines, ovens, and toasters. • 2. These machines freed housewives from additional work at home and led to the growing trend of women working outside the home.

  7. III. A Superficial Prosperity • A. Producing Great Quantities of Food • 1. Farmers, with new machinery produced more food than was needed and this drove down food prices.

  8. B. Buying Goods on Credit • 1. The “installment plan” enabled people to buy goods over an extended period without having to put much money down at purchase. • 2. Many economists felt that installment was a sign of fundamental weakness.

  9. III. Presidential Scandal • A. Teapot Dome Scandal • 1. President Warren Harding and his poker playing cabinet called the Ohio Gang attempted to steal oil rich lands for the U.S. Navy. • 2. Sec of the interior Albert B. Fall got the lands transferred to the interior department. • 3. The lands were then secretly leased to two private oil companies and Fall received more than $400,000 in “loans, bonds, and cash.”

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