1920s Business


The Harding Administration

  1. 1921: Warren G. Harding is elected President
  2. The Harding administration was plagued with scandals.
  3. After Harding's death in 1923, Vice President Calvin Coolidge became President.

warren-g-harding.jpg
President Warren G. Harding
Source: www.independent.co.uk/

The Coolidge Administration

  1. Under President Calvin Coolidge, business boomed in America in the 1920s.
  2. He believed that the government should play a minimal role in economics.

Calvin_Coolidge.jpg
President Calvin Coolidge
Source: www.blogs.webmd.com

The Automobile

  1. The number of automobiles sold in the U.S. increased dramatically during the 1920s.
    1. Automobiles became cheap and affordable for the first time in the 20th Century thanks to Henry Ford.
      1. Henry Ford created Ford Motors and the assembly line, which allowed him to mass produce automobiles in a short amount of time at minmal costs.
  2. Increases in the number of automobiles led to improved roads.
  3. Automobiles allowed people to move easily about the country.
  4. The growth in automobiles created jobs for workers.
  5. The growth in automobiles also led to economic boom in the motor cities.
  6. Finally, the growth in automobiles also led to urban sprawl.
    1. Urban sprawl - The growth of cities in all directions.
      1. Because people had automobiles, they could now live in suburbs and travel to their jobs in the city.
  7. WATCH THE FOLLOWING VIDEO ON THE MODEL T AND ITS IMPACT ON 1920S SOCIETY:


Conclusion: Business was ROARING (good) in the early 1920s!