Economic boom
America was experiencing an economic boom:
Industry
❏ New production methods allowed goods to be
● Factory in production grew
produced at a faster rate
○ Natural resources: industries such as coal, petrol and gas grew quickly
❏ The availability of credit to buy new things
○ Transport: shipbuilding increased to replace ships destroyed by
❏ Advertising encouraged people to buy newly available
submarines and the railroads made modernised to transport wartime
consumer goods
goods
❏ Increased popularity in stocks and shares
○ Consumer goods: American brands, especially the cigarette smoked by
the USA soldiers were popular in Europe
Henry Ford and mass production
Agriculture
● Production on US farms grew rapidly during WW1
● Henry introduced mass production methods
● Production in Europe dropped as the farmers had to go fight in WW1
● Workers lined up along a continuously moving surface
● This created a demand for wheat and cotton for example
called a conveyor belt
● By the time that europe had begun to recover, the USA provided 30% of the
● The workers stayed at the same point and performed a
worlds wheat and 55% of the worlds cotton this changed the lives of farmers as:
single job
○ Price of goods rose by 25%
● This was extremely boring for the worker but mean
○ The average income of a farmer who owned a farm increased by
production time fell
around 30%
● In oct 1925 a model T car took 10 seconds to produce
○ Farmers began using machines and tractor sales increased rapidly
● As a result of this there was a drop in price as there
○ More and more farmers took out loans
were more made per day
Workers
● The original price was $950 and by 1925 it only cost $290
● Demand for more industrial goods meant more industrial and agricultural goods
● There was a huge increase in the demand for cars
meant more workers needed
amongst Americans
● Workers increased by 1.3 million during the last year of war, reducing
● This helped the economic boom because to construct
unemployment
cars you need parts such as:
● There was more opportunity for workers from different backgrounds
○ Steel
○ Many women joined the workforce and black Americans moved from
○ Rubber
the southern states to the northern one
○ Glass
○ Textiles
Limitations
● Whilst the use for cars increased:
● There were problems at the end of the war:
○ Petrol
○ Demand for industrial and agricultural products from the USA
○ Roads
dropped as a result
○ Returning soldiers re - entered the workforce, many lost their wartime
jobs
○ Race riots started
○ Farmers struggled to pay back their loans
, Consumerism: The social impact of the Roaring Jazz and dancing:
Hire purchase:
● Create a consumer society in which twenties ● Jazz is a mixture of black and
● The customer hired the product
buying a variety of branded goods white American folk music
from the business and paid it off
was important to ordinary people Cinema ● Jazz became popular around
by installments. Once they had
● Rather than eat one flavour of ● The movies grew very the world due to men like
paid off the cost in full, and the
yoghurt or color their hair in a couple popular. In 1920s around 40 Duke Ellington and Paul
product became theirs
of shades, people were encouraged million tickets were sold per Whiteman but it also created
● Benefited the economy as it
to buy an assortment of yogurts week opposition as it became
convinced people to keep
from a range of flavours and 10 ○ They produced films associated with immoral
buying
different shades of hair colors in colour by 1922 behaviour of youngsters
● With the consumers buying
● Shopping became a leisure activity, ○ They introduced ● It helped inspire ore forms of
goods, demand rose and
people wanted to show off that they sound in 1927 dancing
factories had a reason to keep
were better than their neighbours ○ They developed ● The charleston was a fast
buying
they could do this by buying animation dance involving sidekicks and
consumer goods techniques in 1928 a complex sequence of steps
Advertising
● This helped the economy keep ● It made actors such as Charlie
● Used big posters and coloured
growing Chaplin who became an idol Sport
papers in newspapers and
for many young Americans ● More leisure time meant that
magazines to encourage people
Stock market Americans could spend their
to buy their products
● Ordinary Americans became Extend knowledge: spare time watching their
● Overwhelmed consumers with
involved in buying shares in the Hays code - cleaning up films by favorite sports
images of their brands to change
American stock market in Wall street Hayes ● This became a popular hobby
their buying habits
● This involved borrowing money from - Developed a production code for many people
a bank or broker to invest on shares - Banned the filming ● The popularity of sports
● Radio played a central role in the
to then pay back the loan of long kisses made a lot of sporting heroes
development of advertising
- This turned ordinary people into - Childbirth ○ Baseball: Babe Ruth
● As a result alot of American
shareholders - Sex between white set a record of 60
spent their leisure time listening
- Each did it in the hope that the value and black people home runs remaining
to adverts
of the share would go up and they - And the presentation unbeaten until the
● New advertising methods
could sell it at a profit of some crimes to 1960s
helped to create a consumer
- But it was dangerous because what stop the audience ○ Swimming: Gertrude
society, encouraging people to
happened when the prices stopped copying things Ederle, a US
buy new products or spend
going up? - This was inforce until swimmer became
more on brand names
- It also led to more companies selling the rating system in the first woman to
● This boosted the economy
shares which gave them the money 1968 swim the English
because more spending created
to develop their businesses channel in 1926
a need for increased production
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
√ Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, Bancontact of creditcard voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper justsaree10. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €7,80. Je zit daarna nergens aan vast.