1920s Economy

Jeremy, Brooke, Justin

Facts

1.The 1920s earned their moniker- the "roaring twenties"-though the decade's real and sustained prosperity and lively culture.

2.The decade marked the flourishing of the modern mass-production.

3.Farmers banded together and incorporated their farms to achieve economies of scale in order to survive the hard times.

4. Despite the depression, American economy exhibited growth.

5.It became easier for consumers to purchase more expensive items like cars, fridges, pianos ,etc..

6. Bonds and treasuries which had been one of the main investment vehicles were passed over in favor of speculating for quick profits in shares.

7. The magical prosperity vanished almost overnight as people lost confidence following the 1929 stock market crash.

8.The period saw major innovations in business organization and manufacturing technology.

9. The average workweek declined in some industries such as railroads and coal production.

10."Buy now, pay later" became the credo of many middle class Americans of the Roaring Twenties.

Big image

The picture shows the mind set of the middle class citizens due to the high standard of living

Sources

1.)Shmoop Editorial Team. "Economy in The 1920s." Shmoop.com. Shmoop University, Inc., 11 Nov. 2008. Web. 11 Jan. 2016

2.)“The U.S. Economy in 1920s.” EHnet. N.P., n.d. Web. 08 Jan. 2016