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October 28, 2013 October 28, 2013 1. 1. 21.2 Notes (part 1)- A Growing 21.2 Notes (part 1)- A Growing Economy of the 1920’s Economy of the 1920’s 2. 2. Video Clip: Model T Video Clip: Model T 3. 3. 21.3 Vocabulary 21.3 Vocabulary 4. 4. Return Quizzes and Work Return Quizzes and Work ***Unit III Exam (1920’s- Chapters 20 & 21) Thursday, October 31, 2013***

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Page 1: October 28, 2013 1. 21.2 Notes (part 1)- A Growing Economy of the 1920’s 2. Video Clip: Model T 3. 21.3 Vocabulary 4. Return Quizzes and Work ***Unit III

October 28, 2013October 28, 2013

1.1. 21.2 Notes (part 1)- A Growing Economy of the 21.2 Notes (part 1)- A Growing Economy of the 1920’s1920’s

2.2. Video Clip: Model TVideo Clip: Model T

3.3. 21.3 Vocabulary21.3 Vocabulary

4.4. Return Quizzes and WorkReturn Quizzes and Work

***Unit III Exam (1920’s- Chapters 20 & 21) Thursday, October 31, 2013***

Page 2: October 28, 2013 1. 21.2 Notes (part 1)- A Growing Economy of the 1920’s 2. Video Clip: Model T 3. 21.3 Vocabulary 4. Return Quizzes and Work ***Unit III

Unit IIIUnit IIITHE ROARING 1920’STHE ROARING 1920’S

21.2 A Growing 21.2 A Growing

EEccoonnoommyy

Page 3: October 28, 2013 1. 21.2 Notes (part 1)- A Growing Economy of the 1920’s 2. Video Clip: Model T 3. 21.3 Vocabulary 4. Return Quizzes and Work ***Unit III

The Rise of The Rise of New IndustriesNew Industries

Henry Ford changed the automobile industry through mass production.

He introduced the Model T. Put cars on assembly lines,

which reduced the time needed to make an automobile.

Less time needed = greater output of cars (new car every 10 seconds!)

Made cars more affordable ($295)

Page 4: October 28, 2013 1. 21.2 Notes (part 1)- A Growing Economy of the 1920’s 2. Video Clip: Model T 3. 21.3 Vocabulary 4. Return Quizzes and Work ***Unit III

The Rise of New IndustriesThe Rise of New Industries Ford increased employee wages, cut work day to 8 Ford increased employee wages, cut work day to 8

hours, and gave weekends off.hours, and gave weekends off. By mid-1920’s, General Motors and Chrysler By mid-1920’s, General Motors and Chrysler

competed with Ford.competed with Ford.

Page 5: October 28, 2013 1. 21.2 Notes (part 1)- A Growing Economy of the 1920’s 2. Video Clip: Model T 3. 21.3 Vocabulary 4. Return Quizzes and Work ***Unit III

The Rise of New IndustriesThe Rise of New Industries The boom in the car industry assisted in the growth of other businesses.The boom in the car industry assisted in the growth of other businesses. MetalMetal OilOil RubberRubber InfrastructureInfrastructure AdvertisingAdvertising

Page 6: October 28, 2013 1. 21.2 Notes (part 1)- A Growing Economy of the 1920’s 2. Video Clip: Model T 3. 21.3 Vocabulary 4. Return Quizzes and Work ***Unit III

October 29, 2013October 29, 2013

1. Finish 21.2 Notes

2. 21.3 Guided Reading Q’s

Unit III Exam- 1920’s- Thursday (Chapters 20 & 21)

Page 7: October 28, 2013 1. 21.2 Notes (part 1)- A Growing Economy of the 1920’s 2. Video Clip: Model T 3. 21.3 Vocabulary 4. Return Quizzes and Work ***Unit III

The Consumer The Consumer SocietySociety

Consumer revolution: Consumer revolution: Many new & affordable Many new & affordable goods available. goods available. (electric (electric washing machines, vacuums, washing machines, vacuums, refrigerators, irons, radio, refrigerators, irons, radio, etc.)etc.)

New method of buying New method of buying called called installment buyinginstallment buying..

10% down payment then 10% down payment then monthly payments + interest.monthly payments + interest.

Page 8: October 28, 2013 1. 21.2 Notes (part 1)- A Growing Economy of the 1920’s 2. Video Clip: Model T 3. 21.3 Vocabulary 4. Return Quizzes and Work ***Unit III

Farm CrisisFarm Crisis

Early 1900’s: Technological advances (Early 1900’s: Technological advances (pesticides, machinery, pesticides, machinery, etc.etc.) allowed farmers to produce more.) allowed farmers to produce more.

This was great during WWI (to feed our troops and Allied This was great during WWI (to feed our troops and Allied soldiers.)soldiers.)

So many farmers had to borrow money to buy more land, So many farmers had to borrow money to buy more land, equipment, etc.equipment, etc.

There was a decrease in There was a decrease in demanddemand for American food in Europe for American food in Europe after WWI.after WWI.

Led to a Led to a surplussurplus of food. of food. So farmers then received lower prices for their crops.So farmers then received lower prices for their crops. Farmers earned less and couldn’t repay all loans.Farmers earned less and couldn’t repay all loans. Farming industry experienced serious recession throughout Farming industry experienced serious recession throughout

1920’s.1920’s.

Page 9: October 28, 2013 1. 21.2 Notes (part 1)- A Growing Economy of the 1920’s 2. Video Clip: Model T 3. 21.3 Vocabulary 4. Return Quizzes and Work ***Unit III

Promoting ProsperityPromoting Prosperity Government promoted Government promoted

prosperity in 1920’s through:prosperity in 1920’s through: Supply-side economics:Supply-side economics: Lower taxes…Lower taxes… Businesses & consumers spend Businesses & consumers spend

or invest more money…or invest more money… Economy grows…Economy grows… Americans earn more money Americans earn more money

working or selling goods…working or selling goods… Government collects more taxes Government collects more taxes

on everything!on everything!


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