Mass Markets - large numbers of consumers to whom manufacturers can sell goods.
Assembly Line - system where stationary workers each added a part to a vehicle as it moved along a conveyer belt.
Welfare Capitalism - companies offered their workers recreational facilities, benefit plans, and even profit-sharing opportunities, through which workers were paid a portion of profits when their company performed well.
Ford Model T - first widley affordable automobile by Henry Ford.
Teapot Dome Scandal - scandal where Secretary of the Interior Albert B. Fall leased federal oil reserves in Teapot Dome, Wyoming, to private oil companies.
Important People
Henry Ford First big industrial car maker of the 20th century (1900's).
Albret B."Bacon" Fall Secretary of the Interior who was involved in the Teapot Dome Scandal.
Calvin Coolidg Harding’s vice president and the former governor of Massachusetts, became the nation’s next president. Coolidge promised to continue growing the economy and to promote Harding’s return to “normalcy.”