Name: __________________________________
Date: ______________
Study Guide 1920s America: begin on pg. 660
_______/ 27 pts.
A Booming Economy: (2 pts ea)
1. Describe life in America after WWI:
2. Automobile Industry:
a. How did the automobile contribute to the growing American economy?
b. How did the Automobile change America ? (Ex. Freedom)
3. A Bustling Economy:
a. What was responsible for the new American Consumer Culture?
b. What was the new “get rich quick scheme”?/What were the problems (risks)?
4. Cities, Suburbs, and Country:
a. How did the American urban and suburban areas change during the 1920s?
CHECK YOUR NOTES: (1 pt ea)
Henry Ford
mass production
assembly lines
Installment Buying
Model T
Bull Market
Buying on Margin
Cities
Suburbs
Consumer Revolution
Stocks
CHECK YOUR UNDERSTANDING: (4 pts)
How did the booming economy of the 1920s lead to changes in American life?
Name: ____Key___________
Date: ______________
Study Guide 1920s America: begin on pg. 660
_______/ 27 pts.
A Booming Economy: (2 pts ea)
1. Describe life in America after WWI:
After WWI – US economy = AWESOME
Key to this = mass production (workers produce more goods in less time)
Wages increased = more people can afford goods
Stock Market prices rise
This all creates the modern consumer economy = changes America
2. Automobile Industry:
a. How did the automobile contribute to the growing American economy?
Ford: his ideas changed production, wages, working conditions, and daily life for Americans:
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Ford – mass production to larger products
This makes larger products more affordable
Model T – avg American can afford
Scientific management to study mass production – brought assembly line to car industry (12 hrs to 90 mins) =
produce more ; also reduced price ($350-$290)
Ford doubled wages )changed working conditions in the hopes that his workers would become his customers
Cars increase growth of related industries (oil; gas stations)
Cars = need for highway system
Cars = increase advertising industry
Cars – increase vacation industry
b. How did the Automobile change America ? (Ex. Freedom)
Avg American can afford a car = avg American can travel = bring the city and the country population together
1927- 56% owned car
Ford changed working conditions (wages doubled, reduced working day to 8 hrs, weekends off!;
Cars = increase vacation – now everyone can go on vacation!
BUT – mass transportation declines
3. A Bustling Economy:
a. What was responsible for the new American Consumer Culture?
Consumer Revolution: affordable goods to the public
Ads, “you NEED this”
Installment buying – anyone can afford it!
b. What was the new “get rich quick scheme”?/What were the problems (risks)?
Bull Market: Rising stock prices
Buying on credit (10% down – then the rest over months)
4. Cities, Suburbs, and Country:
a. How did the American urban and suburban areas change during the 1920s?
Urban & Suburban = great growth:
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Everyone heads to the cities (jobs)
Suburbs increase because travel into cities is accessible (mass transportation/cars affordable)
Rural = not such a great place to live:
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Farmers = debt; falling farm prices
Everyone moved out of the countryside!
CHECK YOUR NOTES: (1 pt ea)
Henry Ford
mass production
assembly lines
Installment Buying
Model T
Bull Market
Buying on Margin
Cities
Suburbs
CHECK YOUR UNDERSTANDING: (4 pts)
How did the booming economy of the 1920s lead to changes in American life?
Car (Vacation; affordability)
Workers rights/conditions
Ability to buy into stock market (buying on margin)
Shift from countryside to urban areas to suburban areas
Consumer Revolution
Stocks