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1920's Industry and Economy - Coggle Diagram
1920's Industry and Economy
Electricity and Consumer Goods
Standardized parts model applied to everything
Women now have more free time
Washing machines
Refrigerators
Lighting- Factories can now run 24/7
Cars
Assembly line makes it easier and faster (from 14 to 2 hours) to produce making the cost go down so the working class can afford it
Standardized parts make it so you don't need to see a specialist
Faster transportation
"Whorehouse on wheels"- new concept of "teenager"
People move to the suburbs
New Frontiers
Problems
People start investing with borrowed money- margin buy
No gov't oversight of stock market- insider trading
Florida land scam (Hurricanes)- rise in Pyramid Schemes
Huge growth in the KKK and their influence over everything
No planned obsolescence so market saturation