Enduring Vision Chapter 23

Chapter 23 The 1920s: Coping with pitch (1920-1929) I.Economy A.Booming business 1.Unemployment as baseborn as three per centum, steady prices, and the gross national product grew by 43 share from 1922 to 1929 2.Consumer goods such as star sign appliances (vacuums, refrigerators, washing machines, etc.) i. cardinal per centum of US homes electrified by mid(prenominal) 1920s 3.Automobiles i.By complete of decade, automobile effort accounted for most nine percent of solely profits in manufacturing and stimulated other industries 4.Soaring stocks base market up for contingency in 1929 5.Capitalism abroad i.US meatpackers in Argentina ii.Anaconda dogshit acquired Chiles biggest cop mine iii.United Fruit Company launch processing plants crossways Latin America B.Tariffs 1. The trackney-McCumber Tariff (1922) and Smoot-Hawley Tariff (1930) pushed US import duties to every(prenominal)-time highs, benefiting internal manufacturers but stifling unlike trade 2.Manufactured goods, little than half the economic value of total US exports in 1913, blush to 61 percent of the total by the leftover of the decade C.Workers 1. lucre rates rose 2.Women workers, blacks, Mexican-Americans, and late immigrants clustered at the supply of the wage scale i.Blacks were last hired, initiative fired 3.

Higher wages would bring forward productivity Henry Ford started it D. Farmers 1.Did not share in prosperity 2.Grain prices plummeted when army purchases dwindled 3.High tariffs reduced exports 4.Large surpluses and wavering prices 5.Had to pay back debts and loans E.Assembly-line production 1.Discouraged individuality 2.Fordism F.Business consolidation 1.Corporate giants command the major industries 2.By 1930, 100 corporations controlled roughly half of US business G.Chain stores accounted for about a quarter of all retail sales by 1930 H.Advertising 1.Used celebrity endorsements, promises of social success, and...If you bundle to get a sufficient essay, order it on our website: Ordercustompaper.com

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