during the 1920s, the u.s. economy experienced much growth. this was due in part to new technology,...

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