2. Oil.
Cars.
Airplanes.
Fast Food.
Business Policies of Presidents
Coolidge and Hoover.
3. In the early 20th century large oil deposits
were discovered in Penn, CA, OK, WY, TX.
Oil began to replace whale oil and coal.
Led to the mass distribution of barrels of
oil.
Resulted in price of oil going down to
$3.07/barrel
CARS, CARS, CARS, and MORE CARS.
4. Before the “Roaring” 20s cars were play
toys for the rich.
Henry Ford created the assembly line,
which made the automobiles more
affordable and reliable.
Because cars were more incorporated in life,
cities became more spread out because
people didn’t have to live near their work.
Along with cars came airplanes.
5. Harry Guggenheim established a
foundation in the late 1920s to teach
aeronautical engineers at universities and
develop flight instruments.
Also funded Western Air Express in an
experiment to see if airlines could profit from
passenger fairs without air mail subsidies.
At the end of the decade new jobs began
to appear at and around airports.
The most popular jobs were at fast-food
places for starved travelers.
6. • Since the economy was
Some of the first were: buzzing, and
more people had time burgers
• White Castle: 5 cent consuming jobs,
they were in need of a “quick” meal.
• 7-Eleven
This led to the rising of the fast-food
• KFC
franchises.
• A&W
Restaurants that put out food faster than
others for a more affordable price and
decent quality.
7. Herbert Hoover Differences?
Calvin “Silent Cal”
Coolidge
• President Hoover
Government
Philosophy of Gov’t Cont’d
•• Philosophy of Gov’t Cont’d – Got very involved with
• President Coolidge
Believed of several
– Also created Government
Philosophy prosperity
– This idea encouraged business with the hope that
Believed thatassist US
agencies to the gov’t
– rested on business
manufacturers and he would promote economic
Tried to promote economic
businesses.
should get involved with
leadership form their own
distributors to efficiency thus making the
stability in industriesBureau of
by
– Expanded thewhich his
business and industry as
trade associations
Believedgov’t regulation US more successful
balancing that part of
Foreign and Domestic
job as possible (and did so
little asvoluntarily share info
would president was to
with cooperative – He established new
Commerce
throughout his presidency)
with the gov’t.
make sure that gov’t
individualism. the Bureau organizations to further
– Established assist and also regulate
– Believed this system would
interfered with business
of Aviation
promote economic efficiency
and industry as little as businesses and
– Established the Federal industries.
possible.
Radio Commission
Editor's Notes
In the early 20th century large oil deposits were discover in _________________________.Oil began to replace _________ and ___________.Led to the mass distribution of oil.Resulted in the price of oil going down to $3.07/barrelThe finding of so much oil helped with the explosion of the car industry.
Before the “Roaring 20s” cars were _______________ for the rich. They needed a _____________ on hands at all times. Henry Ford created the _________________ which made automobiles more ___________ and ___________. Because cars were more incorporated in life, cities became more spread out because people didn’t have to live near their work.Along with cars came airplanes.
_____________ ________________ established a foundation in the late 1920s to teach aeronautical engineers at universities and develop flight instruments.Also funded ___________ _____ ___________ in an experiment to see if airlines could profit from passenger fairs without air mail subsidies. At the end of the decade new jobs began to appear at and around airportsThe most popular jobs were at fast food places for starved travlers.
Since the economy was buzzing, and more people had time consuming jobs, they were in need of a quick meal. This led to the rising of the fast-food franchisesRestaurants that put out food faster than others for a more affordable price and decent quality.Some examples were:____________________________________________________________________________________________________________________
CoolidgeBelieved that prosperity rested on _________________.Believe that it was his job to make sure the government got as __________ involved in business and industry as possibleHooverGot very involved with business and industry with the hope that he would __________ ___________ ___________ thus making the US more successful. He established organizations to further _________ and also ___________ businesses and industries.