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Roaring Twenties… Prohibition, Prosperity, and Excess…

Roaring Twenties… Prohibition, Prosperity, and Excess…. Do Now. If you were starving, how far would you go to get food for you and your family? Explain your answer. Information. 2 nd Marking Period - 10 academic days until Christmas break - progress reports are entered

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Roaring Twenties… Prohibition, Prosperity, and Excess…

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  1. Roaring Twenties…Prohibition, Prosperity, and Excess…

  2. Do Now If you were starving, how far would you go to get food for you and your family? Explain your answer.

  3. Information 2nd Marking Period - 10 academic days until Christmas break - progress reports are entered Must keep up with the work - we will be moving very quickly Missing Assignments

  4. Current Events • NY Train Derailment - rail services announces safety upgrades - New warnings, automatic braking • Tiger escapes from Alabama Zoo - goes for a stroll in another animal’s pen

  5. Do Now If you were starving, how far would you go to get food for you and your family? Explain your answer.

  6. Industry takes a hit Coal Mining - new energy sources - gas, hydroelectric New forms of transportation - killed railroads End of the 1920s - automobiles, consumer goods slowed down

  7. Housing Industry New home manufacturing - building slowed - ownership decreased Affected other industries Loss of jobs

  8. TPS: Think Aloud Why would the decrease in home building have an effect on the rest of the economy?

  9. Farmers plow failure Demand for food - decreased after WWI - demand cut in half - overproduction Prices Fall - Supply-Demand Farming Incomes - cut in half or worse - borrowed money (loans)

  10. Americans Buy Less Wages Fall - workers make less - less money to spend Buying on Credit - equals payments - cars, radios, houses Income Gaps - rich get richer - poor get more poor

  11. Income Problems Wealth in top 1% - business owners - super rich, over $10,000/yr 70% of Americans - made less than $2500 Americans on a budget - credit payments need to made

  12. Part I ___ New Clothing ___ Car ___ Medicine ___ Food ___ Electricity ___ Heat ___ New Furniture ___ Radio ___ House / Apartment ___ Savings Account

  13. Budget Work - $250/month Needs – Must have Wants - Optional • Food $45 month • Shelter (pick one) - apartment $50 month - Mortgage $75 month • Clothing $15 month • Heating (pick one type) - coal $10/month - wood $8/month - fuel oil $8/month • Medicine/Medical $15 • Savings $5/month • Car ($45/month) • Radio ($5/month) • Electricity ($10/month) • Refrigerator ($8/month) • Electric Stove ($8/Month) • Gas ($5/month) • Iron ($2/Month) • Vacuum Cleaner ($4/month) • Travel/Hotel ($15/month)

  14. Budget Work - $150/month Needs – Must have Wants - Optional • Food $45 month • Shelter (pick one) - apartment $50 month - Mortgage $75 month • Clothing $15 month • Heating (pick one type) - coal $10/month - wood $8/month - fuel oil $8/month • Medicine/Medical $15 • Savings $5/month • Car ($45/month) • Radio ($5/month) • Electricity ($10/month) • Refrigerator ($8/month) • Electric Stove ($8/Month) • Gas ($5/month) • Iron ($2/Month) • Vacuum Cleaner ($4/month) • Travel/Hotel ($15/month)

  15. 1920s Summary Booming Economy - many businesses profited - people made money Women gained freedom Prohibition New Inventions - age of credit

  16. Exit: Thinking Ahead… How do people decide what to keep in their budget and what to “lose” from their budget? Explain how people decide to make budget changes?

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