Roaring+20's++Boom+Economy



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Learn basic economic structure of both a boom and a bust economy. In the 1920's Consumers learned a new way to buy the things they wanted. This is the decade where debt was first used across the country. The mass production of automobiles made this type of buying so popular. Soon, Americans were buying radios, washing machines, and other appliances on credit.

The 1920's were a boom economy, but the 1930's were the opposite.



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Performance Indicators State: As documented through state assessment - at Level 1, the student is able to • 5.2.spi.2. differentiate between an economic boom and bust.** at Level 2, the student is able to charts (i.e., automobile sales, unemployment rates, or airplane production). at Level 3, the student is able to** • 5.2.spi.5. analyze how environmental changes and crisis affected the economy across the nation in the 1930's (i.e., Dust Bowl, Black Tuesday, Great Depression, Hoovervilles). consumer goods in the 1920's (i.e., vacuum cleaners, washing machines, radios, and other home appliances).**
 * • 5.2.spi.1. differentiate between needs and wants on a personal and national level.
 * • 5.2.spi.3. recognize the concept of buying on credit.**
 * • 5.2.spi.4. interpret economic issues as expressed in maps, tables, diagrams, and
 * • 5.2.spi.6. recognize how Americans used credit/installment plans to purchase