12.3 The Business of America Is Business - PowerPoint PPT Presentation

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12.3 The Business of America Is Business

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... first trans Atlantic passenger flights Standard of Living ... navigation equip Cargo & commercial airlines by 1926 Amelia Earhart & Charles Lindbergh Trans ... – PowerPoint PPT presentation

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Title: 12.3 The Business of America Is Business


1
12.3 The Business of America Is Business
  • Calvin Coolidge pro business
  • Business boom
  • Standard of living soared

2
Coolidge Hoover favor Business
  • gov policies to keep taxes low and profits high
  • Gov interference at a minimum
  • New technology increased productivity wages

3
Age of the Automobile
  • Paved roads built across America
  • Gas stations, repair shops, motels, garages,
    shopping centers
  • Homes built with garage or carport
  • Traffic signals,
  • Suburbs grow as commutes are driven

4
Airplane industry
  • Mail carrying by 1920
  • Weather forecasting with radios, navigation equip
  • Cargo commercial airlines by 1926
  • Amelia Earhart Charles Lindbergh
  • Trans Atlantic flights
  • Pan American Airlines 1927 first trans Atlantic
    passenger flights

5
Standard of Living
  • Average annual income up from 522 to 705
  • Factories used electricity
  • More homes got electric power
  • Farms by mid-30s
  • Rich had refrigerators, ranges, toasters

6
Modern Advertising
  • Agencies hired psychologists to design ads
  • Sales soared

7
Prosperity was limited
  • Warning signs
  • Over production of goods-
  • Chain stores, 5 Dimes, spread rapidly
  • Huge gap between Rich Poor
  • Managers vs. Workers
  • Buying on Credit Installment plan
  • A dollar down a dollar forever
  • Farmers never saw profits
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