AP US History A People And A Nation Ch. 24 Study Guide
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US History [1]
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Charles Lindbergh Pilot of The Spirit of St. Louis who flew from the U.S. to Paris alone; nicknamed ?Lucky Lindy? One of the most celebrated heroes in American history The burst of publicity and thrill of celebration point to the impacts of commercialism, new technology, and mass entertainment 1920-1921 economy The 1920?s began with a jolting economic decline Once World War I ended, industrial output dropped and unemployment rose as wartime orders dried up, consumer spending dwindled, and demobilized soldiers flooded the work force Refined methods of credit Installment, or time payment, plans drove the new consumption 80% of automobiles were bought on credit Oligopolies The control of an entire industry by a few large firms