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The Roaring Twenties descarga - Coggle Diagram
The Roaring Twenties
Time of ✨PROSPERITY✨
Manufacturing industry BOOMED
Every day items (luxuries)
radios
refrigerators
vacuum cleaners
cars
AFFLUENCE
Economical gap between
poor
wealthy
1920s: 1st modern decade
Characteristics
poverty
law wages
menial work
irregular employment
Economic ⬇️DOWNFALL⬇️
Labels 'Roaring Twenties', 'the Jazz Age', 'Prosperity Decade': MISLEADING
REALITY: economic instability and depression
Economical Differences
wealthy
middle-class
poor (50% American population)
Not everyone benefited
Businessmen mainly benefited
How had this come about to be possible?
American economy had particular weaknesses
rugged individualism
the laissez-faire approach
minimal support for the poor
output increase
only the most wealthy could afford buying
consumer power buying decrease
not affordable loans were taken by low economy individuals
What was done to help the poor?
help attempts had limited outcomes
public or social welfare departments
spending more on elderly and young mothers well being
Although, its impact was limited
private charity for the poor
ethnically diverse which made organization among themselves hard
the help they could receive had depend on others
Agrarian and reforming lobby union
unsuccessful due to policies followed at the time
intensified the dissection between
rural areas
urban areas
why was so little done?
1920's values and attitudes
unfortunately, existed segregation and discrimination towards the poor
many of the poor themselves forcedly resigned to accept their situation
government role
was mean to be distant
its intervention didn't match the perception of individuals freedom for self-help
Economic 💥BOOM💥
Between 1921-1929
wage levels rose steadily
Calvin Coolidge
favoured
a balanced federal budget
lower federal spending
lower taxes
high tariffs on foreign-made goods
adopted laissez-faire philosophy
Reasons for the BOOM
Country's size and economic wealth (Transcontinental railroads)
Entrepreneurial spirit and the American Dream
rugged individualism
self millionaires- American DREAM
. The impact of WWI (Europe depended on American goods)
Technological progress & “Fordism”.
New management and selling techniques
Business management
growth and development of large corporations
New technology
radio
motor
car
cinema
. Government policies
Easy credit and hire purchase
increase in average wage
cheap credit
encouraged by advertisements
motor car industry BOOMED
Groups who missed the prosperity :forbidden: (& involved factors)
Women
low payment
low status
low quality occupations
remained out of most common professions
"supplementary wage-earners" role
more working women than before, but many job terms quality
Trade unionists
big business action
judiciary system support
commonly anti-unionist
republican government support
workers didn't join them due to
discouraging events
The Red Scare of 1919
Palmer Raids of the 1920s
forcedly imposed terms
African Americans
groups on "the great migration"
"transformed" the north into ghettos
lowest paid jobs in the north
many groups remained in the south(rural)
poor education
poor social position
lowest economic position
mainly affected by
poor education & racism
this was in north and south
Native Indian Americans
were forcedly drifted from
lands
culture
their rights
.
higher alcoholism and crime rates
increased infant mortality
lower life expectancy
farmers
cheap loans
seemed like a "solution" attempt
didn't really help as farmers couldn't repay loans
over production
1920's farm output increased
1929 decreasing demand
rural activism
