HI125 Lecture Notes - Lecture 16: Planned Obsolescence, Gold Standard Act, Brilliant Mind
Document Summary
Hi125- week 8, lecture 2: the roaring twenties sees america pull ahead of the rest of the world economically. Idea is with us today, idea that many had to apply after the great. Depression: was right about just about everything. A misguided ambition: britain wants pre-war system. Imbalances (system can no longer work: labour movement and socialism, hostility among nations (co-operations, united states. The roaring twenties: reconfiguration of the system, american economic primacy, time of excess and decadence, prohibition and the speakeasy, time of jazz, speakeasies where people get together. America pulls ahead: why, massive industrial growth: during the 1920s +60, abundant natural resources; protectionism; technological advances; entrepreneurship. The roaring twenties: consumption: second industrial revolution, electricity (1880s, radio (bbc, 1922, movie house and entertainment, mass production of automobiles (9 million 23 million) Selling demand- 1870s: mass production, big business, consumer durables, expensive and complicated, generating demand- no longer a problem producing.
