The Business/Economy of America

President Coolidge was Pro-Business What does “pro-business” mean? –Keep taxes down for business – have more in their pocket to invest –Keep government interference low (laissez- faire policies) –Increase tariffs (helped support American business)

Business Boom: Automobile Industry The Impact of the Automobile –New roads built – Route 66 –Houses with garages –Gas stations, repair shops, motels, tourist camps, shopping centers –Farming families have easy access to cities –Vacation in new places –Contributing to urban sprawl (cities spreading outside the city center)

Airplane Industry First transatlantic flight by Charles Lindbergh in 1927 Pan American Airways founded in 1927 – passenger service With cars and planes….what about railroads???

Farming Industry With new machinery, farmers were producing more food than was needed This made the price of food decrease (large supply, low demand)

Installment Plan Buy goods and pay over an extended period of time People bought items they couldn’t afford –trouble paying back the $$ when it was due Think of credit cards today – the average household credit card debt in America today is $15,799. (creditcards.com)

Throw Care to the Wind Industries dying Overproduction of farm goods Installment Plan Leading Americans down the wrong economic path…..stay tuned!

Great Migration Movement of African Americans from rural areas in the south to cities in the North Changed domestic (at home) affairs –racial tension –African Americans celebrating their culture through art, music, literature –Overcrowded cities –Fewer farmers in the south

NAACP Growth of the NAACP –National Association for the Advancement of Colored People Protested racial violence Founded Feb 12, 1909

Harlem Renaissance Langston Hughes – era’s best known poet Duke Ellington and Louis Armstrong – jazz musicians Played at the popular “Cotton Club” in Harlem – only white audiences allowed. More to come on this with your project!