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A Growing Economy Chapter 10 Lesson 1 Page 322. The Expansion of Industry. Industries thrived: telephone companies, new phones, electric companies, large electrical appliances, synthetic (artificial) fabric, plastics, wristwatches, cameras, glass cookware. New products were invented:
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The Expansion of Industry • Industries thrived: • telephone companies, • new phones, electric • companies, large electrical • appliances, synthetic (artificial) fabric, plastics, wristwatches, cameras, glass cookware
New products were invented: • Vacuum cleaners • Washing machines • Toasters • Packaged products such as soap and cereal • Radios • The stock market grew
Changes in Production • The U.S. economy grew during the 1920s. • The U.S. became the richest country in the world. • New businesses hired workers to fill new jobs. • Many more people could buy a home.
Americans had more money to spend on these products. • Those who could not pay could purchase on the installment plan by making monthly payments on a product until it was paid for.
Most Americans were enjoying the greatest period of prosperity in history. They were earning more money and working shorter hours.
The Automobile Industry Henry Ford added to the boom by making cars in a new way. He used mass production – using machines to make many products at once He used the assembly line where groups of workers on the assembly line each do one job. This is called division of labor .
Henry Ford’s Model T , called the Tin Lizzie, was priced low enough that ordinary people could own them.
Cars could be produced more quickly and inexpensively. Ford could pay his workers more which gave them money to buy more goods
Eventually General Motors passed Ford in production because people wanted more variety in color and more luxury.
The Automobile Revolution caused growth in these industries: • 1. Rubber industry- tires, hoses, belts • 2. Steel 7. Road paving • 3. Glass 8. Gas stations • 4. Paint 9. Restaurants • 5. Petroleum industry 10. Motels • 6. Road construction 11.Tourism
Saving and Investing • People kept money in savings accounts in banks and they bought stock. • Banks loaned the money to individuals and businesses. • Businesses borrowed money to improve their companies.
Lots of Americans invested in stocks or a share of ownership in a company. • Many people borrowed the money to buy stock.
Review • How did the growth of the automobile industry affect the country’s economy? • Name 3 terms associated with H. Ford’s automobile production. • What are some new products? • How did improvements in technology improve lives?
The Roaring Twenties Lesson 2 Page 328
New wealth provided more leisure time. • The movie industry or nickelodeons became popular.
New Sports Heroes: • Babe Ruth • Jim Thorpe • Jack Dempsey • Harlem Globetrotters • Charles Lindbergh flew the Atlantic.
Tennis players: • William Tilden • and Helen Wills • Olympic swimmer • Gertrude Ederle swam the • English Channel.
The Jazz Age Thousands of people listened to jazz, a music which grew out of the blues and black musicians:
W.C. Handy of Alabama, • Bessie Smith (singer), Louis • “Satchmo” Armstrong (trumpet) • Duke Ellington • were famous.
The Harlem Renaissance Black writers, artists, and musicians thrived in a black neighborhood in New York City called Harlem.
The 18th Amendment was passed in 1919 prohibiting (forbidding) the sale, manufacture, or transportation of alcohol. It was very difficult to enforce.
Many drank “bootleg” whiskey in “speakeasies” - secret clubs that served alcohol.
Gangsters like Al Capone controlled most liquor sales. Prohibition led to the growth of crime.
In 1933 Prohibition was repealed in the 21stAmendment. How many years did prohibition last?
Review • Why was prohibition ineffective? • What were some effects of new technology? • How did society change? • How were African Americans affected? • Who were some of the heroes of the time?
