630-635630-635

- - AnalyzeAnalyze and interpret graphs, and interpret graphs, charts and charts and statistics from 1920s. statistics from 1920s.

- - ExplainExplain how economic prosperity how economic prosperity of the 1920s of the 1920s impacted the United impacted the United States.States.

Create:1. Line Graph on “Number of Cars Sold”2. Bar Graph on “U.S. Imports and Exports”

U.S. Imports and ExportsU.S. Imports and Exports

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1910 1920 1930 1940 1950

ImportsExports

Billions $

The Economy that RoaredThe Economy that Roared• Henry FordHenry Ford

• assembly line techniqueassembly line technique• “ “Fordism”Fordism”• paid $5 per daypaid $5 per day• reduced work weekreduced work week

The Economy that RoaredThe Economy that Roared• Henry FordHenry Ford

• assembly line techniqueassembly line technique• “ “Fordism”Fordism”• paid $5 per daypaid $5 per day• reduced work weekreduced work week

• Very prosperous decade:Very prosperous decade:• GDP up 40%GDP up 40%• worker output up 72%worker output up 72%• per capita income roseper capita income rose by 1/3.by 1/3.

• Why?Why?• Huge wartime profitsHuge wartime profits• Taylor’s “scientific management” techniquesTaylor’s “scientific management” techniques• ElectricityElectricity

U.S. Imports and ExportsU.S. Imports and Exports

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The Economy that RoaredThe Economy that Roared• Boom IndustriesBoom Industries

• AutomobileAutomobile• AviationAviation• ChemicalChemical• Radio/MovieRadio/Movie

The Economy that RoaredThe Economy that Roared• Boom IndustriesBoom Industries

• AutomobileAutomobile• AviationAviation• ChemicalChemical• Radio/MovieRadio/Movie

• Corporate consolidationCorporate consolidation• merged into oligopolymerged into oligopoly

• Ford, GM, ChryslerFord, GM, Chrysler• Utility companiesUtility companies• BankingBanking Wheaties Radio Commercial

Coca-Cola Commercial (1929)

Charlie Chaplin

The Economy that RoaredThe Economy that Roared• Attacked labor unions by:Attacked labor unions by:

• Open ShopsOpen Shops• Welfare CapitalismWelfare Capitalism• Yellow-Dog ContractsYellow-Dog Contracts

• “ “Sick” IndustriesSick” Industries• Coal MiningCoal Mining• Textile IndustryTextile Industry• RailroadsRailroads• Coal IndustryCoal Industry• AgricultureAgriculture

U.S. Level of Employment 1920-1940