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The roaring twenties, Renato García and Ariana Ohashi - Coggle Diagram

- - - - They were stripped off their
        
        culture
        
        rights
        
        land
      - They had high rates of alcoholism and crime
      - Low life expectancy and high infant mortality
    - - Banks offered cheap loans
        
        But the farmers could not repay them
      - For farmers, the 20s were marked by
        
        Poverty
        
        Hardship
        
        Endless struggle against debt
      - Over-production appeared
        
        It generated the sudden fall of demand after 1929
        
        Conditions in the countryside were actually made worse
      - The total number of farms declined from 1920 to 1930
    - - Trade unionism declined
        
        The Red Scare of 1919 and the Palmer Raids of the 1920s led to many workers avoiding unions
    - - Women played a role as supplementary wage-earners
        
        Houses that relied on the woman's wage endured permanent poverty
      - Women only professions were nursing and teaching
        
        Fortunately, household appliances became more available
        
        and they relieved some of the physical burden of staying at home
    - - They drifted into the cities, lured with wartime jobs
        
        However, they were short-lived and poverty reached them
      - They occupied the lowest economic position
        
        They faced segregation
        
        They received poor education
      - Forced to do labours for very poor wages
        
        Forced to live in ghettoes in poor conditions
      - They were only seen as entertainment
        
        Richer white people entertained themselves with
        
        Jazz
        
        Dancing
        
        Boxing
  - - - The poor relied on private charity
- - - - Prosperity in buying shares of stock corporation
      - Value quadrupled
    - - Rugged individualism
        
        Encouraged hard work and thrift in order to be prosperous
      - Inmigrants
        
        Hard work and cheap
        
        Industrialism was a success
      - Invention of the electric light bulb, sewing machine, phonograph and telephone
    - - Large domestic markets
      - Internal transportation system
    - - More goods and a lower cost per unit
        
        Mass good production
        
        Low inflation
      - Increase on wage
      - Hire purchase
        
        Buy good paying a small part of the price, and pay the rest in a weekly or monthly rate with a small interest
        
        Encouraged people to buy
      - Credit had low interest rates
        
        Encouraged people to purchase more goods
        
        Starting a business was easier
    - - Demand for armaments
        
        Benefited the growth of the American industry
    - - National economy
        
        Withdrawal from international affairs
        
        Higher prices on foreign-made goods
        
        Balanced federal budget
        
        Lower taxes
    - - Henry Ford
        
        Mass production in car manufacture
        
        Only one car type, Model "T"
        
        Rate of production could be set
    - - Analyze the manufacturing process to reach its maximum productivity
      - Large corporations
        
        Radio, motor car, cinemma
    - - Laissez-faire philosophy
        
        The government should rely on the market-place
      - Federal highways act 1921
        
        Government built about 10,000 roads per year
      - Republicans
        
        Wanted to create economic climate for the nation to prosper
      - Tax-cutting policies
        
        Treasury had a surplus in the budget
      - No trade unions