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The Roaring Twenties Chapter 7 pages 267-293

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The Roaring Twenties Chapter 7 pages 267-293 Objectives: Analyze the impact of the end of WW I on the US economy Explain how installment buying boosted consumer spending – PowerPoint PPT presentation

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Title: The Roaring Twenties Chapter 7 pages 267-293


1
The Roaring Twenties Chapter 7pages 267-293
  • Objectives
  • Analyze the impact of the end of WW I on the US
    economy
  • Explain how installment buying boosted consumer
    spending
  • Evaluate why American farmers did not share in
    the postwar boom
  • Analyze how new inventions and methods of
    transportation helped change daily life in the US
  • Explain population shift that occurred after WW I
  • Explain prohibition, and describe peoples
    reactions to it
  • Analyze how American culture changed during the
    1920s
  • Identify some of the individuals who influenced
    American culture during this time.

2
The Boom Economy Brings Change1920-1930
(pages 268-273)
  • In the decade ( 10 years) following WW I, the US
    economy seemed to be getting stronger and
    stronger.
  • WHY?
  • Restrictions placed on business during the war
    were lifted.
  • Factories that had been making weapons and other
    war supplies went back to making consumer goods.
    (products made for personal use).

3
Consumer Goods
  • Factories made
  • vacuum cleaners
  • washing machines
  • radios
  • sewing machines (made making clothes a lot
    easier)
  • all kinds of new electric
  • appliances for the home

4
Government encouragement
  • The government encouraged the nations businesses
    to grow during this time by
  • raising taxes on consumer goods imported into the
    US from other countries
  • this made foreign goods more expensive to buy
    than goods made in the US
  • consumers bought more of US goods since they
    were cheaper
  • since more people bought US goods, the factories
    were kept busy keeping up with the demand

5
Other Industries
  • Other industries grew fast during this time as
    well.
  • Electric companies that were in the business of
    supplying electricity grew very fast.
  • This new source of power first became available
    in the late 1800s.
  • By 1920 the US was using almost 10 times as much
    electricity as it had used in 1900.
  • By 1929 two out of every three homes in the US
    had been wired to receive electricity.

6
  • RAISE YOUR HAND IF YOU DO NOT HAVE ELECTRICITY
    RUNNING TO YOUR HOUSE?
  • BOY--- WE HAVE COME A LONG WAY!!!

7
New Patterns of Buying
  • During the war people made many sacrifices.
    Since the war is over people wanted many of the
    consumer goods that were available, and they
    wanted them quickly.
  • What do you think was one of the big luxuries
    that families wanted to buy?

That's right--- The Automobile
8
Installment Buying
  • How can you buy a big consumer good and take it
    home right now, if you dont enough money to pay
    for the full price now?
  • Thats right--- Installments (making monthly
    payments until the full price of the product has
    been paid)
  • Installment buying allows a buyer to take home a
    product after paying only part of the price.

9
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10
For example
  • You want to buy a new iPod for 150.00 and you
    only have 50.00 right now. How can you buy the
    iPod and bring it home today-----
  • Installments
  • Today you pay the store 50.00
  • (150- 50 100 still due to store)
  • In April you pay the store another 50.00
  • (100- 50 50 still due to store)
  • In May you pay the store another 50.00
  • (50- 50 0 balance- you are paid off ?)

11
More then 3 out of 4 automobiles were bought in
1925 through installments.
12
Interest and Debt
  • money a borrower pays to a lender for the use of
    money
  • applied to purchases paid through installments
  • rates are determined by the lender or the federal
    government
  • people were spending more and more money that
    they did not have

13
Real Estate
  • People purchased real estate ( land or buildings)
    using installment buying
  • Many people purchased land in Florida without
    even seeing the land in person and then later
    discovered that their land was not good enough to
    build on. Some land purchased was even
    under water.

14
Stock Market
  • The stock market is a place where people buy and
    sell shares in the ownership of a company or
    business.
  • These shares are called stocks.
  • The price of a companys stock is based on what
    people will pay for it. If more people want to
    buy the stock than want to sell it, the price
    will go up. If more people want to sell the
    stock than want to buy it, the price will drop.

15
1920s Business Boom
  • Businesses boomed and stock prices continued to
    go up.
  • More and more people invested in the stock
    market.
  • Many people borrowed money to invest in the stock
    market in hopes that the stocks would make more
    money than it cost them to borrow the money.
  • IS THIS PRACTICE OF BORROWING MONEY TO INVEST A
    GOOD IDEA?

16
Challenges for Some Americans
  • Not everyone shared in the good times of the
    1920s.
  • Farmers struggled financially through the 1920s
    because of decisions they made during WW I.
  • Many farmers purchased more land to farm and more
    machinery to farm their farms during the war
    since crops were needed to supply the soldiers.

17
Farmers Struggle
  • Now that the war was over the crop prices dropped
    due to the economy not needing as much and the
    farmers found they could not make enough money to
    pay back the money they borrowed for the land and
    machinery.
  • Farmers organized political groups such as the
    American Farm Bureau Federation.
  • This group supported laws that would boost crop
    prices, which would lower farmers debts.
  • Since less crops were needed, many farmers left
    the farms and looked for jobs in the city.

18
Immigrants
  • Congress passed a law that said that immigrants
    had to have basic skills in reading and writing
    in English or another language to move to the US.
  • Remember, Congress had also limited the number of
    immigrants able to come into the US.
  • Many people were suspicious that immigrants would
    take American jobs and that they would try to
    push their un-American way of life on them.
  • This suspicion was one reason that the KKK again
    grew in the United States.

19
Ku Klux Klan
  • wore white robes and hid faces behind hooded
    masks
  • used threats and violence to scare or drive away
    people they felt prejudice toward
  • African Americans
  • Jews
  • Catholics
  • other minorities

20
Lesson 2 Changes to Daily Life
  • New Inventions
  • Advertising- information that a business provides
    about a product or service to make people want to
    buy it

21
A Land of Automobiles
  • By 1930- 1 out of every 5 Americans owned an
    automobile.
  • As automobile sales boomed, so did the building
    of roads.
  • The popularity of automobiles also helped the
    automobile-related industries such as steel,
    rubber, and gasoline stations.
  • Transporting goods and people industry also
    developed at this time. (trucks, taxis, buses)

22
Aviation Grows
  • Charles Lindbergh flies the Spirit of St. Louis
    from New York City across the ocean to Paris,
    France on May 20, 1927.
  • It took him 30 hours of non-stop flying- 3,600
    miles

23
Why did Charles Lindbergh call his plane the
Spirit of St. Louis?
  • Because a group of St. Louis business people had
    helped pay for it.

24
Commercial Industry
  • Commercial industry is an industry that is run to
    make a profit
  • Between 1916-1930 the number of people traveling
    by plane each year grew from about 6,000 to about
    400,00. By 1935 there were four major airlines
    making regular flights in the US.

25
Amelia Earhart
  • In 1932 she became the first woman to fly alone
    across the Atlantic. She successfully flew from
    Newfoundland, Canada to Ireland.
  • Died July 2, 1937, en route from Lae, New Guinea
    to Howland Island

26
Changing Cities
  • Urban- (city) More people lived in
  • the cities than in the rural or
  • country areas.
  • Rural- (country)
  • Skyscrapers were beginning to be built.
  • Land in the cities was becoming more expensive.
    This is why people would build skyscrapers on the
    land to make the most of the land.

27
Cities Also Grew Outward
  • Automobiles allowed people to travel longer
    distances in shorter amounts of time.
  • People who worked in the city could now live on
    the outskirts of the city called a suburb.
  • People who lived in the suburbs used their
    automobiles to commute

28
Architects (people who design buildings)
  • Frank Lloyd Wright- architect that designed
    everything from single-family houses to a
    mile-high skyscraper that was never built.
  • Wright style became known as the prairie style-
    buildings designed to blend the outdoors with the
    indoorsPrairie House

Name Frank Lloyd Wright Birth date 8 June 1867
Date of death 9 April 1959
29
Another style was called art deco- bold outlines
and used geometric shapes
30
Prohibition Era (The 1920s)
  • 18th Amendment- States the production, sale, and
    transportation of alcoholic beverages against the
    law
  • Making these activities
  • illegal was called Prohibition
  • The purpose of the amendment
  • was to stop people from drinking
  • alcoholic beverages.

31
Prohibition (continued)
  • During the war people had already given up
    alcohol in order to save the grain used to make
    alcohol could be used for food for the soldiers.
  • After the war, however,
  • the attitude of sacrificing was
  • no longer a favorable one.

32
People wanted to enjoy the prosperous times and
celebrate with drinking alcohol. People that
broke the drinking law usually did so in a secret
bar called speakeasies. Alcohol was provided
illegally by people called bootleggers.
33
Organized Crime
  • gangs-groups that conduct illegal activity
  • made a lot of money bootlegging
  • often threatened, harmed, and even killed people
    who got in their way
  • Famous Gangster
  • Al Capone

34
Amendments
  • Q How was the 18th Amendment different from all
    of the previous amendments?
  • A Amendments 1-17 protected the rights of the
    nations people. Amendment 18 took away a right
    that people had held since the nation began.

35
18th Amendment Repealed With the 21st Amendment
  • In 1933, Congress passed the 21st Amendment
    repealing the 18th Amendment.
  • Repealing means to take
  • back or withdraw cancel,
  • or reverse.
  • The drinking of alcoholic
  • beverages was legal again.

36
Click on the following titles to experience the
sights and sounds of the 1920s.
37
Biography and Credits
  • http//www.answers.com/topic/florida-land-boom-of-
    the-1920s
  • http//www.charleslindbergh.com/
  • http//www.ameliaearhart.com/home.php
  • http//www.americaslibrary.gov/cgi-bin/page.cgi/aa
    /earhart
  • http//www.chicagohs.org/history/capone.html
  • http//en.wikipedia.org/wiki/Frank_Lloyd_Wright
  • http//en.wikipedia.org/wiki/Prohibition_in_the_Un
    ited_States
  • http//www.angelfire.com/co/pscst/
  • http//www.kidsnewsroom.org/elmer/infoCentral/fram
    eset/decade/1920.htm
  • http//www.authentichistory.com/1920s.html
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