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The Roaring Twenties, By Fabiana Presentación - Coggle Diagram

- - - - nation at peace
        
        Americans wanted to remain at peace
        
        re-elected Coolidge
      - favoured economy
        
        balanced federal budget, lower federal spending, lower taxes, and high tariffs on foreign-made goods
        
        pro buisness climate
        
        adopting a laissez-faire philosophy
    - - Boom in stock marker
        
        stock prices
      - value of share quadrupled
  - - - Large population and purchase power
      - effective internal transport system
      - Tracontinetal railroads
        
        allowed cars to privide communication
      - abundance of raw material
        
        industrial revolution
    - - rugged individualism
      - American dream
        
        If you worked hard enough, you could be prosperous
    - - economic rivals
        
        UK & Germnay
        
        bankrupted by war
      - demond of armament
        
        growth of American industry
        
        US major insutrial power
    - - new industrial methods
        
        mass production
      - Henry Ford
        
        Take work to man
        
        Higher production rate
        
        concentrate production to one car type
        
        introduced five-dollar-a-day rate for car workers
        
        above rates offered elsewhere.
    - - buissness management
        
        manufacturing process should be analysed scientifically and an efficient system should be adopted
        
        greatest level of productivity
      - Rapid growth of advertising and marketing
        
        by tech developments
      - development of the large corporation
        
        benefit from economies of scale and integration
    - - Republican party
        
        believed that their role was to create a economic climate in which business, industry, and the whole nation could prosper
        
        tax-cutting polices
    - - Increase in average wage
        
        low inflation time
      - development of hire purchase
        
        buy goods at a small proportion of the price
        
        later pay rest of price
        
        small rate of interest
        
        by new methods of advertising, consumers bought a wide range of goods
        
        cheap credit
        
        increase spendings
- - - - almost impossible to pay mortgages
      - poverty, hardship, debts
      - overproduction
        
        increase in farm output
        
        pricell below actual cost
      - almost no help form goverment
      - wartime production level remained
        
        falling prices
        
        unprofitable to harvest crops
    - - increase on jobs
        
        little improvement in job quality
        
        low wages
        
        low status ocupations
    - - trade unionism declined
      - minimun wage
      - strikes
    - - massive drift to cities
        
        poverty-stricken ghettos
      - poverty
        
        lowest economic position
      - migration to north cities
        
        Chicago
        
        NY
        
        industrial and manufacturing jobs
        
        low wages
      - racism
    - - miserable conditions
      - high rates of alcoholism & crime, low life expectancy, high infant mortality
  - - - no help provided
  - - - consumism
        
        led to the downfall
    - - was seen as irrelevant but had a serious impact
- - - - divided society, history of prejudice, discrimination, racism, fanatical fear of political extremism