US Prosperity in the 1920s iGCSE Revision Notes


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Lesson Snapshot

The Booming Economy:

  • Between 1922 and 1929 the annual Gross National Product of the USA increased by 40%.
  • The average income per head increased by 27%.
  • Consumer boom – growth of personal possessions (c.f. Woolworths, hire purchase,commercial travellers).
  • Innovation in production methods, especially in the motor industry (by 1925 Ford were producing a car every 10 seconds); this pushed down prices and made goods more accessible for ordinary people (the ‘Tin Lizzie’ cost $850 in 1910, only $295 in 1920).
  • Synthetics – the invention of bakelite (the first plastic), cellophane and nylon – and chemicals.
  • Upsurge in car ownership – esp. the Ford Model T; 15 million had been produced by 1927, and the number of Americans owning cars rose from 8 to 23 million.
  • Consumer durables/electrical goods – fridges, washing machines, dishwashers, vacuum cleaners, record players.
  • Communications revolution – number of telephone doubled/ number of radios increased from 60,000 to 10 million.
  • Entertainment industry – Hollywood, Charlie Chaplin, the ‘talkies’ and cinemas, jazz clubs and speakeasies.
  •  Stock market – Wall Street boomed (a ‘bull’ market) with many people buying shares to make a profit. Many new businesses were ‘floated’ on the stock market.
  • Skyscrapers, highways and urban development.

iGCSE Revision Notes:

  • Aimed at Students studying across iGCSE or equivalent
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  • Use as you wish in the classroom or home environment
  • US Prosperity in the 1920s
  • Use with other US History resources.
  • Refresh your students memory with this handy revision file.