Chapter 10 Section 2 – A Growing Economy (p. 368-375) MAIN IDEAS New Industries (p. 368-372) NOTES 1.) _________________________________________________________________________________________ Model T = 1913 “Tin Lizzie” or “Flivver” a.) _____________________________________________________________________________________ b.) _____________________________________________________________________________________ Large-scale manufacturing done with machinery, increased supply and reduced costs Divided tasks and cut unnecessary motion to a minimum lowered the cost increased sells c.) _____________________________________________________________________________________ 1925 survey in Muncie, IN = 21 out of 26 families who owned cars did not have bathtubs with running water “You can’t ride to town in a bathtub.” – farm wife 2.) _________________________________________________________________________________________ a.) ________________________________________________________________________ = Dec. 17, 1903 Kitty Hawk, NC = Orville made the first crewed, powered flight b.) _____________________________________________________________________________________ c.) _____________________________________________________________________________________ 1918 = first regular airmail service between Washington DC and New York 1925 = Kelly Act = allowed postal officials to contract private airplane operators to carry mail 1926 = Air Commerce Act = provided federal aid for building airports d.) 1927 = _______________________________________________________________________________ ________________________________________________________________________________________ Showed the possibility of commercial aviation 1928 = 48 airlines served 355 US cities 3.) _________________________________________________________________________________________ 1926 = NBC = National Broadcasting Company 1928 = CBS = Columbia Broadcasting System a.) _____________________________________________________________________________________ b.) _____________________________________________________________________________________ c.) _____________________________________________________________________________________ Page #1 2010-2011 Chapter 10 Section 2 – A Growing Economy (p. 368-375) The Consumer Society (p. 368 & 372-373) 1.) _________________________________________________________________________________________ 2.) _________________________________________________________________________________________ a.) _____________________________________________________________________________________ Higher wages and shorter workdays resulted in consumers buying more 3.) _________________________________________________________________________________________ New goods: electric razors, facial tissues, frozen foods, home hair color Cleaning products = Indoor plumbing led to increased concern for hygiene and cleaning Fashion and youth = Mouthwash, deodorants, cosmetics and perfumes New appliances saved time and labor = Electric irons, vacuum cleaners, washing machines, and refrigerators 4.) _________________________________________________________________________________________ a.) _____________________________________________________________________________________ b.) _____________________________________________________________________________________ 5.) _________________________________________________________________________________________ a.) _____________________________________________________________________________________ used to buy appliances, radio and automobiles Welfare Capitalism (p. 374) 1.) _________________________________________________________________________________________ Companies allowed workers to buy stock, share in profits and receive medical care and pensions benefits helped to cover basic needs and workers had more money to spend to help improve their quality of life minorities did not share in the economic boom and better work conditions 2.) _________________________________________________________________________________________ 3.) _________________________________________________________________________________________ a workplace where employees were not required to join a union The Farm Crisis (p. 375) 1.) _________________________________________________________________________________________ New advances in fertilizers, seeds and machinery allowed them to produce more During WW I, farmers got loans to raise more crops 2.) _________________________________________________________________________________________ After WW I , Europe started to farm more or had less money to buy US crops 1920-1921 = corn prices dropped 19% Wheat dropped from $1.83 to $1.03 Farmers in the 1920s earned 1/3 less than other workers “Quiet depression” in agriculture 3.) _________________________________________________________________________________________ Fordney-McCumber Act (1922) – raised tariffs on foreign imports 4.) _________________________________________________________________________________________ Page #2 2010-2011 Chapter 10 Section 2 – A Growing Economy (p. 368-375) Helping Farmers (p. 375) 1.) _________________________________________________________________________________________ a.) _____________________________________________________________________________________ ________________________________________________________________________________________ b.) _____________________________________________________________________________________ by Senator Charles McNary (Oregon) and Representative Gilbert Haugen (Iowa) presented plan to Congress every year from 1924 to 1928 2.) _________________________________________________________________________________________ 3.) _________________________________________________________________________________________ Said it would encourage farmers to grow even more surplus 4.) 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