Roaring 20's Economy

The Roaring Twenties, a near-decade marked by curiosity and increased economic freedom for many, was a time of innovation. Endless advancements were made from art and entertainment to household appliances to medicine.

• Demobilization refers to converting from a War time economy to peace time.

• After the WW1, Soldiers returned home and looked for work, their old jobs.

• Economic production shifted from making weapons to making household items.

• ​Tariffs are taxes on imported goods. (Products made in another country)

• The U.S. Government implemented tariffs to protect American Businesses.

Tariffs

• ​Tariff on imports to force Americans to buy American goods because imported products became more expensive.

• Other countries put high tariffs on U.S., which lead to less world trading.

​​Fordney-McCumber Act

• Legal bannning of the manufacture, sale, and transportation of alcoholic beverages in the United States from 1920 to 1933 under the terms of the Eighteenth Amendment.

• Crime organizations known as Bootleggers continued to produce alcohol since Americans still wanted to get lit asf.

​

Refers to the "Roaring" economic boom of the time period.

​​Roaring 20's

Americans saw the benefits of increased wages in new industries.

​​Wages

Large-Scale production and consumption of Cars, Movies, Radio and Electrical Appliances

​​Large Industires

Americans were introduced to buying with CREDIT!

​​New Market Practices

• President Warren Harding's boys worked for him and made super shady deals with an oil company in Teapot Dome Wyoming.

• Regarded as the biggest scandal in American Politics until Watergate Scandal.

Teapot Dome Scandal