1. Chapter 11; The Twenties 1919-1929 A Booming Economy
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2. Eager for new products; attainable
Post WWI U.S Economy; Grows  Mass Production. More Goods in Less Time, Lower Prices Changes in American Life Negative Effects; Debt, Farming Declines
Changes in U.S Life:
Buy on Credit
Eager for new products; attainable
Stock on Margin; Boosts Stock & Company
Companies Hire More
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3. Henry Ford; Automobile Industry Sparks Business Growth of the 1920s Assembly Line; MASS production Revolutionized Production, Wages, Working Conditions and WEEKENDS!!; How? Model T; $290 Stimulates other businesses; How? Increased Leisure Time & Mobility

4. Car Brings More Changes in Society; Easy Mobility, American Dream Residential Patterns Change; Suburbs New Cities in the West

5. Consumer Revolution; Flood of Goods Available to EVERYONE Buying on CREDIT; Installment Payments Electric Appliances; Washing Machines, Vacuum, Iron, Fridge, RADIO Media Contributes; Advertisements  Desires V. Needs

6. Bull Market; Rising Stock Prices  Get Rich Quick Buying on Margin; 10% Down payment NYC Skyline  Prosperity (Economic Power)

7. Suburbs Develop Impact  Wealthy, Conservative Upper/ Middle Class  Away from city Reduced Economic Well Being of Cities Encourage Car Culture

8. Business of Government pg. 330-334
Chapter 11.2

9. Domestic and Foreign Policy Changes; 1. Return to Isolationism 2
Domestic and Foreign Policy Changes; 1. Return to Isolationism 2. Collect War Debt (Heart-less) President Harding  Return to Simpler Times  Laissez-Faire Secretary of Treasury; Andrew Mellon  Raised High Tariffs, Reduced Spending, Disliked Income Tax Secretary of Commerce; Herbert Hoover  Shifted Social Policies from Progressivism to Volunteerism

10. President Harding; Returns to a “spoils system” not quite intelligent, decision maker, not strong minded, trusted others to make choices Ohio Gang; Greedy, Dishonest Scandals while in office; 1. Charles Forbes (floor cleaner) 2. Harry Daugherty (bribes) Albert Fall Secretary of Interior; Teapot Dome Scandal (1924)

11. President Harding Dies; V
President Harding Dies; V.P Silent Cal takes office (Calvin Coolidge) Honest, quiet, frugal; Trusts in businesses; Virtuous Administration; NOT big on Progressiveness Small Government; No Intervention in Business; No Social Legislation “The man who builds a factory builds a temple – the man who works there, worships there.” – Calvin Coolidge Reduce National Debt, Lower Taxes Provide Incentives for big businesses.

12. U. S Role in the World 1. Avoid Another War & 2. Collect War Debt 1
U.S Role in the World 1. Avoid Another War & 2. Collect War Debt 1. Avoid Arms Race Washington Naval Disarmament 1. Kellogg-Briand Pact  “Outlaw War” 2. Dawes Plan