Enduring Vision Chapter 23

Chapter 23 The mid-twenties: Coping with Change (1920-1929) I.Economy A.Booming business 1.Unemployment as baseborn as three pct, steady prices, and the GNP grew by 43 percent from 1922 to 1929 2.Consumer goods such as home appliances (vacuums, refrigerators, washing machines, etc.) i. cardinal percent of US homes electrified by mid 1920s 3.Automobiles i.By complete of ecstasy, automobile industry accounted for about nine percent of solely profits in manufacturing and stimulated other industries 4.Soaring stocks prove market up for disaster in 1929 5.Capitalism abroad i.US meatpackers in Argentina ii.Anaconda Copper acquired Chiles biggest slob tap iii.United Fruit Company established processing plants crossways Latin America B.Tariffs 1. The intersectionney-McCumber Tariff (1922) and Smoot-Hawley Tariff (1930) pushed US import duties to all-time highs, benefiting domestic manufacturers but stifling foreign trade 2.Manufactured goods, dinky than half t he value of total US exports in 1913, discolor to 61 percent of the total by the end of the decade C.Workers 1. lucre rates rose 2.Women workers, blacks, Mexican-Americans, and recent immigrants clustered at the bottom of the wage scale i.Blacks were last hired, first discharged 3.

Higher wages would elevate productivity Henry Ford started it D. Farmers 1.Did not share in prosperity 2.Grain prices plummeted when army purchases dwindled 3.High tariffs reduce exports 4.Large surpluses and irresolute prices 5.Had to pay back debts and loans E.Assembly-line production 1.Discouraged individuality 2.For dism F.Business integration 1.Corporate gi! ants dominate the major industries 2.By 1930, 100 corporations controlled almost half of US business G.Chain stores accounted for about a quarter of all sell sales by 1930 H.Advertising 1.Used celebrity endorsements, promises of social success, and...If you take to pee a full essay, order it on our website: OrderCustomPaper.com

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