Chapter 12 Section 3 The Businesses of America

Chapter 12 -Section 3 - The Businesses of America

Coolidge � Calvin Coolidge served as the 30 th U. S. president of the United States (1923 to 1929) • He was Harding’s Vice President and assumed the role of President upon the death of President Harding in 1923 � Nicknamed “Silent Cal” due to his reserved demeanor • Republican • Had a lazie fair approach towards business wanting them to have free reign �Tried to limit foreign completion by raising tariffs

The Impact of the Automobile � The automobile changed the way Americans lived • The construction of newly paved roads created jobs and the ability to drive in all weather conditions • This also impacted architecture as homes were now beginning to be built with garages • Blinking traffic lights began being used in Detroit in the early 1920’s • Under water tunnels began being used in 1927 connecting New York and New Jersey • Construction of gas stations, public garages, motels, tourist camps and shopping centers gave American’s a new reason to hit the open road • Urban Sprawl also allowed many American families living in rural areas to enjoy the convenience of the city living without having to have to move there �It also offered independence through mobility

A Young Airplane Industry � Originally the U. S. post office began to send mail by plane but as early as 1918 commercial flights became a new form of convenient transportation • New weather forecasting instruments and built � In in radios made air travel safer 1920 Henry Ford created a tri-motor airplane � Transatlantic flights made by Charles Lindberg and Amelia Earhart fueled American interest in aviation � In 1927 the Lockheed Company produced a single engine comericial airplane � This also created new opportunities for women to work as flight attendants

Electrical Conveniences � From 1920 to 1929 the average American income for families rose 35% from $522 to $705 annually. � With this new found wealth items of convenience became extremely appealing • Labor saving devices like electric washing machines, vacuum cleaners, electric sewing machines and refrigerators allowed families to enjoy more

The Dawn of Modern Advertising � With new products to market advertising agencies began hiring psychologists to analyze products and help them convince costumers that they “needed” these new items. • They would appeal to the consumers desire to be youthful, beautiful, healthy and wealthy �For example from 1921 to 1924 the gross sales of the floral industry nearly doubled thanks to the slogan “Say it with flowers”

1920’s Advertising

1920’s Advertising

Buying Goods on Credit � With a boom in advertising and a need to purchase new goods many Americans began buying items on credit through the use of instalment plans • Installment Plans-The ability to buy a product and pay for it in monthly installments (payments) over time �This led to a boom in production that drove prices down �The gap between rich and poor began to grow as more Americans began to “live for the moment”