US in th 1920s II
LaFolette - candidate of the Progresive Party in 1924
Coolidge won
his programme
against monopolies
supporting nationalization of railroads
federal aid for farmers
Coolidge's second presidency
pro-business policy: reduced taxes
25% of the national debt paid off between 1923 and 1929
the age of prosperity fo big businesses
huge profit
easy to find jobs
industrial production doubled
Chemical industry
synthetic textiles and plastics developed in the US
no import during WWI
Electricity industry
Automobile industry
Construction business boom
Impact of economic boom on population
Labor
The Jazz Age and US Society
Women
Herbert Hoover
steam turbine
hydroelectric plants
electrical household appliances
new methods for transmitting power
radio
private enterprises started radio stations
NBC - National Broadcasting Company (1926)
CBS - Columbia Broadcasting System (1927)
Henry Ford
assembly line
conveyor belt
Model T
affordable and accesible for the masses
stimulates other industries
oil business
road development
nickel
glass
steel
side effects
background
moving from the countrisde to the city
residential building plans
skyscrapers
Empire State Building
decreasing working hours
increase in real wages
decrease in unemployment
better working conditions
recreational facilities
pension plans
People falling outside the prosperity
textile towns on New Negland
Southern Piedmont
more money
more leisure
less parental supervision for the young
cinema going
a boom for spectator sports
jazz music
obsession ith tabloids, sex magazines
no change in their social status
wage gap
election of 1928
Republican Party
previous advisor of Harding