Presentation top top theme: "Focus Question: define the meaning of the adhering to quote: “The service of America is Business. The male who build a factory builds a temple. The man."— Presentation transcript:
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1 emphasis Question: explain the an interpretation of the complying with quote: “The company of America is Business. The man who builds a factory builds a temple. The male who works there worships there.” -Calvin Coolidge
2 The organization of America The Conservative resurgence of the 1920s
3 missions After today’s lesson, friend will: identify the an easy philosophy the business and also government in the 1920s. Analyze well-known opinions toward business in the 1920s
4 The return to Normalcy The 1920s to be a decade of reaction America felt tired by the war countless felt that gradual reforms were as well fast and too furious many wanted a breathing space Return the U.S. Come the method it was prior to the war.
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5 company Practices Government operated to assist business embrace a laissez-faire approach Promote investment Fit the conservative policies of Harding and Coolidge
6 Andrew Mellon Secretary the the Treasury, 1921-1932 significant economic arrangement Increase investment minimize the national debt complimentary up capital for invest Promotes growth industries “Trickle down Economics”
7 Results variety of Millionaires tripled much more money invested in business new construction boomed The Stock sector Soared.
8 Shifting consumer Practices industrial Productivity was an extremely high Businesses forced to market their assets Most Americans were frugal prevent debt save money because that the rainy day Many much more worked listed below the poverty price
9 Dawn of contemporary Advertising Persuade civilization to to buy what is not essential Psychological method Approached sales through science! Coined brand-new terms and insecurities
11 plan Obsolescence Americans meant high quality items Expect goods to critical Manufacturers wanted people to buy brand-new products limit the lifespan of items Sponsor brand-new models v minimal shifts
12 Credit human being would buy there is no going into debt company had to discover ways come stretch the dollar installment plans credit transaction cards Layaway plans boosted debt loads dramatically
13 development of a Consumer society Americans end up being enamored of new gadgets Labor-saving gadgets Radios Automobiles A kind of materialism tiny seen outside the really wealthy Profound influence on the country