1920s Consumerism, Sports, Leisure Chapters 12-3, 13-3 1920s Economy • • • • • Industrial expansion _________________ boom 45-hr. work weeks = more __________ Mass consumption drove prices down Massive use of ___________ The 3 Republican Presidents of the 1920s 3 Presidents in the 1920s: 1 ______________ is Back! • Republican Presidents bring back laissezfaire (hands-off) policy – Very little government ________________ – Government favors businesses – Things starting to resemble the _____________ • Many in government feared government regulation could be misinterpreted as _____________________ • Republicans tend to be more laissez-faire than ___________________ Modern Corporation • Massive merger movement in 1920s • General Electric, General Motors, Sears Roebuck, Du Pont • 1930: ____ companies controlled ___% of corporate wealth ________________ • Government policies favor _______ as well. – Lowered ________ – Gave businesses _____so they could give more consumers credit • Average annual income went from $522 to $705 between 1920 and 1929 – Had ______% of world s wealth 2 Electricity • Factories used electricity • Many urban homes had electricity – Appliances such as: – Most _____ homes did not have it Advertisements of 1920s • Increased use of ________________ ________________ to sell products • Fueled __________ for middle class and wealthy People buying on _______! • People could buy things through ___________________________________ • Installment plan: • Pay part in cash, the rest later (credit) • People thought prosperity of 1920s would continue _________________________ • Will later come back to haunt America! 3 ______________ • Did not share in prosperity of 1920s • Overproduction= – Farmers often increased production in attempt to increase profits – Some refused to cut back production after WWI profits – Farm incomes ______________ – Improved technologies meant more yield per acre and less farmers _______________ • Used the ___________ to create cars. • Cars were much more ________________ • Average person could now have a car. • Helped the ___________________ ___________________ industries grow. • More ______________! Impact of Auto • _____________ roads • New types of businesses – ___________________ – People from _____ areas come to ________ areas more often • Status symbol – Sign of superiority of ___________________ • Cities continue to spread ____________ 4 Airplane Industry • Changed way we travel, get mail, etc. • ______________: Big hero in the 1920s • Flew his plane, the ________________, solo across the Atlantic Ocean in 1927 Education • 1914-1926: high school enrollment increased from _______________ students to __________ – Increased enrollment in _________ programs to train for industrial jobs • Educate children of __________________ – Try to teach them _______________ ways News Coverage • Increase in the number of newspapers and magazines • The first ____________ program in 1920 • By end of the 1920s, millions of people had a radio 5 Sports • People loved sports in the 1920s – 1929: $4.5 billion on entertainment • ________________ started • ____________ was popular. • __________ was the most popular Two Biggest Sports Stars… Movies! • __________ movies were popular. • The first ________ in 1927 ________________. • Rudolph Valentino, Clara Bow and Charlie Chaplin • First full length animated movie: 6 The Arts • ________________: Writers who were resentful of WWI and upset about society The Roaring Twenties 7