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The Roaring Twenties

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Title: The Roaring Twenties


1
The Roaring Twenties
  • PowerPoint Presentation

2
Table of Contents
  • Introduction to the 1920s
  • Reasons for Growth of Businesses
  • Technological Advances of the 1920s

3
Introduction to the 1920s
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4
Introduction to the 1920s
  • Following World War I, most European countries
    went into a depression
  • This meant that countries were struggling
    financially and economically
  • Countries struggled because they had spent almost
    all of their money on the war
  • U.S.A. became the most powerful nation in the
    world by the end of the war (1918)
  • Americans celebrated the ending of the war and
    enjoyed the 1920s!

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5
Introduction to the 1920s, cont.
  • The 1920s became known as the Roaring Twenties
  • More people had jobs than ever before
  • New inventions were created to make life easier!
  • In the decade after World War I, the nation was
    experiencing greater PROSPERITY than ever before!
  • Prosperity refers to the success and the good
    fortune of the country

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6
Reasons for the Growth of Business
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7
Reasons for the Growth of Big Business High
Tariffs
  • A tariff is a tax
  • An imported good is a product that comes from
    another country
  • Taxes placed on imported goods made American
    products more affordable

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8
Reasons for the Growth of Big Business High
Tariffs
  • Confused? Try this example
  • Example A car made in Japan may cost 1,000. You
    must also pay a tax of 300 to import it. That
    brings the total cost up to 1,300. A car made
    in the U.S.A. costs 1,050. However, you do not
    have to pay the import tax because it is already
    here! This makes it the cheaper car

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9
Reasons for the Growth of Big Business
Installment Buying
  • Installment Buying is when you purchase a product
    and pay for it each month, rather than all at
    once
  • This allowed customers to take the product home
    and make monthly payments

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10
Reasons for the Growth of Big Business
Installment Buying
  • Question What are some products that people may
    have used installment buying for?
  • Think about back then, and now.

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11
Reasons for the Growth of Big Business Stock
Market
  • The Stock Market is where people can invest in
    companies
  • At this point in history, companies were doing
    very well and many people wanted to invest

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12
Reasons for the Growth of Big Business Stock
Market
  • People began to borrow money to buy shares of
    stock. Stocks were sold and profits were made.

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13
Reasons for the Growth of Big Business Stock
Market
  • How does this work?
  • You may invest 10 in a share of stock from
    Panera Bread. Two weeks later, Panera Bread has
    been very successful and the value of the stock
    has gone up. It is now worth 15 per share.
  • Since the value of the stock is now higher than
    what you paid, you may choose to hold onto it or
    sell it. If you sell it, you make a profit. If
    you keep it, the value may go up or down in the
    future.

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14
Reasons for the Growth of Big Business Stock
Market
  • How does this work?
  • People never know what is going to happen with
    their stocksthe values could go up or down,
    meaning they could make money or lose everything
  • In the 1920s, stocks were at an all time high.
    People who did not have enough money to purchase
    stock would borrow money from the bank in order
    to purchase stock.

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15
Reasons for the Growth of Big Business Stock
Market
Picture of people buying and selling stock in New
York City
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16
Reasons for the Growth of Big Business Stock
Market
Stock Market Graph, 1920sthe average share of
stock in 1921 was 65. In September, 1929, it
was worth 380.
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17
Technological Advances of the 1920s
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18
Technological Advances of the 1920s Electricity
  • In what ways did the business of producing
    electricity grow during the 1920s?
  • By 1920 USA used 10 times more electricity than
    they did in 1910
  • By 1929 2 out of every 3 houses were wired for
    electricity
  • Thank you, Mr. Edison!

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19
Technological Advances of the 1920s Electricity
  • What changes were brought about by advancements
    in electrification?
  • Labor saving products washing machines, stoves,
    water pumps
  • Entertainment Radio, movies
  • Increased Communication
  • Electric light in homes and businesses

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20
Technological Advances of the 1920s Electricity
  • Labor Saving Products stove and washing machine

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21
Technological Advances of the 1920s Electricity
  • Entertainment Radio and Movies

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22
Technological Advances of the 1920s Electricity
  • Increased Communication Phones

1920s version of the i-phone. This is
actually called the candlestick phone. It can
hold mp3s and has eight different ring tones.
Just kidding.
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