the roaring 20s why were they “roaring”?. gross domestic product
Post on 02-Jan-2016
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The Roaring 20s
Why were they “roaring”?
Gross Domestic Product
Do wages rise with inflation?
Wages:
$21/week in 1921 $25/week in 1925
National Income $58 Bill in 1921 $83 Bill in 1929
Electricity
1920 = 1/3 of all Americans had access to electricity
1929 = 90% of Americans had access to electricity
Whose still “left in the dark”?
Stock Speculation
Buy stock on installment plan (buy now pay later)
You’d put up 10% and your broker would cover the rest
New Technology: Phonograph & Vacuum
Washing Machine, Sewing Machine and Radio
1920s Advertising
Spirit of St. Louis – Charles Lindbergh
1927: First solo flight to Paris
Believed flight to Paris couldn’t be “much more dangerous” than air-mail flights he made from St. Louis
Writers: F. Scott Fitzgerald, Earnest Hemingway, Sinclair Lewis
Harlem Renaissance
Prohibition: Volstead Act / 18th Amendment
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