HI125 Lecture Notes - Lecture 13: Consumerism, Mass Production
Document Summary
Challenges to business in the interwar years: new management. Economically unstable: problems for business firms, consumers, labour, family, leads to number of responses to address these problems. Business will alter nature of their companies: management and structure changes. Particularly to make them more responsive to changing economic conditions: respond to economic downturn and changes in consumerism/consumer demand. Differences and similarities between britain and united states. Business were more productive during the war years as they increased output. After ww1 there was a slower production, decrease in demand for certain products. Readjustment for businesses didn"t go very well. In 1929 the stock market crashed the great depression. Consumers/workers face challenges: responses from businesses and governments. Severe recession following ww1: many manufacturing companies had to deal with problems after the way. Revealed serious management problems in many large american companies. Need to be able to react quickly to market changes: economic conditions on mass production and consumer spending.
