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Greatest Innovations…
List the most important innovations of all time.
What is the criteria for your decision?– Revenue generated?– Benefit to humanity?– Most widely popular/utilized/accepted?
How is this question related to the 1920s?
A Booming Economy: The 1920’s
Income increases
People purchase more goods
Companies earn higher profits
Companies expand and higher more people
“Boom Cycle”
* Employment and standards of living increased.
* As World War I ended, technology focused on consumer goods. Ex) radios, washing machines, telephones, and cars
* Increased wages caused an increase in buying power.
1925 RCA Radiola Super VIII
* Introduction of credit
1920s Census
More people lived in urban areas than in ruralMass culture of the cities: radios, movies, magazines and advertisingNew technologies revolutionized American life
Consumerism
Growth of Advertising
The “Electrified” HomeNew consumer goods
Vacuum, refrigerator, washing machine, store-bought clothing, and supermarkets
Effect on daily life?– Reduced the
number of hours and effort spent on household duties
The Automobile
Henry Ford revolutionized auto industry
Passenger car registration jumped from 8 million in 1920 to 23 million by 1930
Model-T 1909 - $850 1924 - $290
Automobile industry spurred related jobs and industries
The following industries grew as a result of the booming car industry:
Effects of the Car Industry
construction (roads and bridges)
steelrubber
glass
paint
oil
housing (as the suburbs grew)
Fordism: 1900s Business Model Scientific managementMass production/use of assembly line for simple, repetitive tasks– Standardization
Worker’s contract: $5 a day, 40 hour-week AfFORDable to middle class– Between 1909 and 1924 price dropped 66%
Purchase car on credit
The Birth of Consumerism
Using new ‘scientific’ techniques and psychological research, advertisers were able to sell more products to more Americans Magazine/newspaper ads often focused on the desires and fears of Americans more than on what people really neededAdvertisers celebrated consumption, convincing people that they could be the person they wanted to be just by buying the right product
Reflection
How did the Automobile change life?
How did these new consumer goods change life?
Do these items make our lives easier?
What do we do with our added time?