Evidence of benefiting during the boom

Unemployment

Officially, unemployment never rose above 3.7%

Production of industrial goods (2)

Rose by 50%

Ford produced more cars - 1924, 10 millions Model T finished at Highland Park assembly line

Average American Earnings (2)

2-3 times higher than Europe avg

Working hours reduced to 44h a week

Radios (2)

Between 1923-1930, 60% of american families purchased radios

During the 1920s, up to 10 million people would go to the cinema everyday

Jazz music / culture (4)

Rooted in black American traditional sounds

Live musicians such as Louis Armstrong and dances such as the Charleston rose to fame

Performed at speakeasies

Availability of radio and records meant people could listen at home

Population size and family prosperity (2)

106 million people by 1928

Top 1% of families recieved 23.9% of all pretax income

How many Americans had become speculators? (2)

1929

600,000 Americans

Gross National Product (3)

The total monetary value of all the goods in a country

$73 billion in 1920

$104 billion in 1929