1920's Economic Boom
James Phillips
Diamond 9 Diagram
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[Put 9 key factors in the boxes, with the most important towards the top. You can then use this box to explain why you put them where you did!].
The birth of radio created a a craze for people to become connected
The model T allowed all people to be able to afford a car
installment payments allowed people to buy things that they never dreamed of being able to purchase
Electricity was cheapeer than steam power so people had extra money to spend on products
Mail order items allowed people to order everything they needed right from their home
mass production of goods meant that the prices of items dropped and more obtainable
The US had lots of natural resources which then helped our industry because we didnt have to import raw materials
Scientific management improved the efficeincy of factories and cost the factory less produce
The U.S. benefitted from WW1 and made our economy richer
