during the 1920s, the u.s. economy experienced much growth. this was due in part to new technology,...
TRANSCRIPT
During the 1920s, the U.S. economy experienced much growth. This was due in part to new technology, but also due to laissez-faire policies. In 1929 the economy went into the worst depression in U.S. history.
Focus
1. Explain what the policy of Prohibition is.
2. What was the purpose of the Volstead Act?
3. Which amendment ended Prohibition in 1933?
4. Why did Prohibition come to an end?
Review
Return to laissez-faire economic policies under Harding and Coolidge (1921-1929)
Little regulation of business
Low taxes and high tariffs
Economy of the 1920s
Mass Production Automobiles
become affordable for the common man
Ford Model T Millions of Fords
are sold in the 1920s
Economy of the 1920s
New technologies Electricity becomes
more common
Radio Refrigerators
The economy expands as a result
Economy of the 1920s
The economy grows because people can buy goods on credit
Installment payments for many goods
Easier to buy car, appliances, etc
Economy of the 1920s