This would have changed the Products 1919 1929 consumer’s life because… 26 Cars 9 Million Million 10 Radios 60,000 Million 10 20 Telephones Million Million Activity: In the box which shows a range of new consumer goods available for Americans to buy in the 1920’s, explain how it would have changed a consumer’s life. Advertising encouraged people to buy products even if they did not have the money but people could obtain things on credit, through hire purchase and other schemes. New chain stores such as Woolworths developed and by the end of the 1920’s, the largest 200 corporations possessed about 20% of the nation’s wealth. Republican Economic Policies Republican Presidents there were 3 Republican Presidents from 1922 onwards (H.C.H): Warren – Harding (1921-1923), Calvin Coolidge (1923-1929) and Herbert Hoover (1929-1933) which meant Republican ideology was consistently followed. Andrew Mellon was Secretary of the Treasury and he gave big businesses what it wanted because businessmen believed that if taxes were low, people and companies would have more money to invest and had a laissez faire attitude with government interference in economic matters. Laissez Faire this means to alone”. Republicans believed that if the government did not – “leave interfere with people lives then they would be free to make money. Individualism” people achieve success by their own hard work which was a term used “Rugged – by Herbert Hoover.
Products 1919 1929 This would have changed the consumer’s life because… Cars 9 Million 26 Million Radios 60,000 10 Million Telephones 10 Million 20 Million Activity: In the box which shows a range of new consumer goods available for Americans to buy in the 1920’s, explain how it would have changed a consumer’s life. Advertising encouraged people to buy products even if they did not have the money but people could obtain things on credit, through hire purchase and other schemes. New chain stores such as Woolworths developed and by the end of the 1920’s, the largest 200 corporations possessed about 20% of the nation’s wealth. Republican Economic Policies Republican Presidents – there were 3 Republican Presidents from 1922 onwards (H.C.H): Warren Harding (1921-1923), Calvin Coolidge (1923-1929) and Herbert Hoover (1929-1933) which meant Republican ideology was consistently followed. Andrew Mellon was Secretary of the Treasury and he gave big businesses what it wanted because businessmen believed that if taxes were low, people and companies would have more money to invest and had a laissez faire attitude with government interference in economic matters. Laissez Faire – this means to “leave alone”. Republicans believed that if the government did not interfere with people lives then they would be free to make money. “Rugged Individualism” – people achieve success by their own hard work which was a term used by Herbert Hoover.
USA-Revision-Guide-PART-1.docx