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U.S. History Ch. 7-1 A Booming Economy. Why It Matters After WWI, U.S. economy experienced huge growth Produced more in less time A modern consumer economy.

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Presentation on theme: "U.S. History Ch. 7-1 A Booming Economy. Why It Matters After WWI, U.S. economy experienced huge growth Produced more in less time A modern consumer economy."— Presentation transcript:

1 U.S. History Ch. 7-1 A Booming Economy

2 Why It Matters After WWI, U.S. economy experienced huge growth Produced more in less time A modern consumer economy began

3 The Automobile Drives Prosperity Recession after WWI ended quickly Stock prices rose Factories produced more and more goods Wages on the rise The automobile industry sparked the economy Henry Ford led the way

4 Ford Pioneers Mass Production Mass production was not Henry Ford’s idea  Rapid manufacture of large numbers of identical parts Model T  $850 in 1908  $350 in 1916  $290 in 1927 Caused by the assembly line

5 Ford MoCo 1914, raised workers pay from $2.35 to $5 a day First major factory to give “weekends” off Believed in the 8 hour day as well Model T and the 40 hour week, plus the $5 dollar day made him popular.

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