Chapter+14-1.+Boom+Times

Chapter 14-1: Boom Times

Key Terms/People:
 * Scientific Management: a new approach, work could be broken down into a series of smaller tasks
 * Frederick W. Taylor: supported theory
 * Henry Ford: lowered costs of their cars by implementing scientific-management practices
 * Model T: sturdy low-cost-automobile
 * Assembly Line: production method to help factories make goods faster
 * Auto-Touring: automobiles used for camping and sightseeing vacations, this allowed Americans to travel without restrictions imposed by the schedules and routes of passenger trains
 * Alfred P. Sloan: head of GM, explained the effect of car owners buying a second car
 * Installment Plan: plans allowed consumers to pay for their cars over time
 * Planned Obsolescence: manufacturers made products specially designed to go out of style and then replaced them with an up to date model

Key Events: Prosperity and Productivity The growth of the Automobile Industry Changes in Work: A land of Automobiles Creating Consumers
 * Business expansion led to wage increases
 * during 20's, it became common for Americans to have electricity in their homes
 * Many business's began experimenting with new ways of increasing productivity to keep up with the pace of growing demands
 * lots of automobile manufacturers lowered costs of their cars by implementing scientific-management practices
 * Different methods were developed to help speed up workforce
 * 1920's the automobile industry was the nation's biggest business
 * During 1920's, work productivity was increased however it made factory work repetitive and led to increased rates of employee turnover
 * Attractive wages had strings attached, to earn the full $5 wage, workers required to meet company standards at work and at home
 * The widespread use of automobiles and new products powered by electricity altered working conditions and decreased availability of some jobs
 * more than 400,000 miles of new roads were built during the 1920's
 * automobile created new social opportunities for teenagers.
 * By 1926, buyers purchased about 75% of cars credit
 * Found ways to make more money with consumers and buyers
 * Chain style grocery stores slowly began to replace the traditional corner markets