Enduring Vision Chapter 23

Chapter 23 The twenties: Coping with Change (1920-1929) I.Economy A.Booming business 1.Unemployment as baseborn as three share, steady prices, and the GNP grew by 43 percent from 1922 to 1929 2.Consumer goods such as home appliances (vacuums, refrigerators, swear out 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 frame market up for disaster in 1929 5.Capitalism abroad i.US meatpackers in Argentina ii.Anaconda Copper acquired Chiles biggest slob exploit iii.United Fruit Company established processing plants crossways Latin America B.Tariffs 1. The fordney-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, detailed than half th e value of total US exports in 1913, bloom of youth 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 blast 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 rock-bottom exports 4.Large surpluses and irresolute prices 5.Had to pay back debts and loans E.Assembly-line production 1.Discouraged individuality 2.Fordism F.Business consolidation 1.Corporate giants dominate the majo r industries 2.By 1930, 100 corporations co! ntrolled almost half of US business G.Chain stores accounted for about a quarter of all retail sales by 1930 H.Advertising 1.Used celebrity endorsements, promises of social success, and...If you take to impart a full essay, order it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: write my essay