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Learn about the causes of the economic boom in the U.S. during the 1920s, driven by consumer goods, advertising, mass production, and Ford's assembly line. Explore the impact of laissez-faire policies and challenges faced by farmers.
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March 7, 2019 U.S. History Agenda: DO NOW: Multiple Choice Review NOTES #45: What caused an economic boom to occur in the U.S. during the 1920s? DOCUMENT ANALYSIS: Economic Problems of the Late 1920s and Early 1930s NOTES-CHECK #s 41–45 TOMORROW
What caused an economic boom to occur in the U.S. during the 1920s? Notes #45
Before the 1920s, most Americans were careful with their money and spent only on what they needed.
During the 1920s, the development of many new consumer goods caused an economic boom to occur in the U.S. 1920s washing machine, refrigerator, and vacuum cleaner
(Top left, clockwise) 1920s toaster, sewing machine, telephone, perfume, mouthwash, soap
Advertisements and credit purchasing were used to encourage Americans to buy consumer goods.
Improved mass production techniques made consumer goods more available and affordable to Americans.
Henry Ford’s development of the assembly line caused the automobile industry to grow in the U.S., which stimulated other industries. Ford Model T assembly line
Under President Calvin Coolidge, the U.S. government allowed business to operate freely (laissez-faire). President Calvin Coolidge (1923–1929)
Only farmers in the U.S. failed to enjoy the economic prosperity of the 1920s because farm crops were being overproduced.
1. U.S. UNEMPLOYMENT RATE (1929–1933)