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Booming Business in the 20’s

Booming Business in the 20’s. 5 reasons for the Business Boom in the ‘20s. (pre war) Industrial growth to help allies (war) US late entrance into WWI (post war) Consumer economy Buying on credit – installment plans (pre-post war) Government Ideology

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Booming Business in the 20’s

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  1. Booming Business in the 20’s

  2. 5 reasons for the Business Boom in the ‘20s • (pre war) Industrial growth to help allies • (war) US late entrance into WWI • (post war) Consumer economy • Buying on credit – installment plans • (pre-post war) Government Ideology • (post war) Mechanization – ex: Ford motors

  3. Political Tensions • Examples of Fear • Mitchel Palmer Raids - Raided / arrested / deported “red” sympathizers • Civil Liberties diminished • Awaiting Deportation at Ellis Island

  4. Sacco and Vanzetti Case (per 1 only) • Murder / robbery • Guilty verdict in an questionable trial • 6 years of appeal – Execution 1927 • World wide protests

  5. Social / Religious Tensions • Because of: Great Migration, racism, slow economic times • Rise of the KKK (again) • “Defenders of American values” - Native – born Protestants vs. all others • 3 - 4 Million members (some powerful politically) • Race Riots in northern cities / lynchings in South • 20+ incidents in 1919 “Red Summer” • 53 Blacks and 8 Whites lynched in 1920

  6. Social Tensions • Groups / people fighting back: • American Civil Liberties Union (ACLU) • Anti – Defamation League (ADL) • Marcus Garvey – Back to Africa Movement

  7. The Political Spectrum Republicans Democrats Conservatives Liberals Moderates Center Left Right Far Left Far Right

  8. The Typical Political Spectrum of Economic Ideology More Taxes More Spending Less Taxes Less Spending More Government action (regulation / laws) to: Protect Workers, consumers, business Less Government action (regulation / laws) to: Protect Workers, consumers, businesses “We will campaign to strengthen job growth in America by helping businesses become more competitive with lower taxes and less regulation.” - John McCain (R) March 4th 2008 Liberal Left Center Conservative Right

  9. Where are the Voters? • Presidents of the 1920’s • Presidents of the Progressive Era Moderates Conservatives Liberals Center Left Right Far Right Far Left

  10. Harding - Domestic Policy • Free enterprise system (capitalism + supply / demand) • Reduced taxes from WWI • especially on the wealthy so that $ could “trickle down” • Many Americans saw prosperity • More $, less unemployment • Scandals • Tea Pot Dome (Wyoming)

  11. “Silent” Cal Coolidge Took over Presidency after Harding died, then won 1924 election • Domestic Policy • Business minded • Cut taxes • Eliminated excessive spending

  12. Big Business leads to Big Consumerism Reasons: • 1. War time = sacrifices, post war = splurge • 2. Aggressive advertisement industry • 3. Buying on credit – pay in increments

  13. The assembly line! ‘Model T’ car streamlined to 1 ½ hour process

  14. Motor Vehicle Production (1,000’s) 1908 1910 1925

  15. Consumer Economy US: Approximate Hours of Housework per week 1900 - 1975

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