By:Tyler MelvinDustin SappCalee Tyson

Viewed as an era of economic prosperity, driven by the new consumer goods

This decade saw North America becoming the richest country on Earth

At the same time this era was the setting stone for the Great Depression which would dominate the 30’s

At the end of WW1 soldiers returned with money in their pockets and many new products to spend it on

At first the end of wartime production caused a brief but deep recession but the economy rebounded after soldiers returned to the workforce and factories began making consumer goods

The 20s brought along with it mass production which in turn brought cheaper prices for technology and the 20% increase in wages for middle class workers made them easily accessable

Radios and movies were skyrocketing.Radios were the main source for media and

entertainment One of the most important technologies was the

automobile By 1927 there were 15 million model T Ford

automobiles sold

1922- The conservative Supreme Court strikes down on federal child labor legislation

1923-Surpreme Court nullifies minimum wage for women in District of Columbia

1924-The stock market begins its spectacular rise, with little relation to the rest of the economy

1925-The top tax rate is lowered to 25% (lowest top rate in the eight decades since WW1)

1928-Construction boom is over, farmers share of national income drops from 15 to 9% since since 1920

1929 More than half of all Americans are living below a minimum

subsistence level Annual per-capita income is $750 for farmers only $273,

Automobile sales decline by a third Construction is down $2 billion since 1926 Recession begins in August production declines at an annual

rate of 20% wholesale prices at 7.5% and personal income at 5%

October 24 the Stock market crash begins marking “Black Tuesday” losses for the month total 16 billion

Congress passes Agricultural Marketing Act to support farmers until they can get back on their feet