1920's USA Prosperity

Question 1

In what years did average unemployment never rise above 3.7% ?

Answer 1

1922-1929

Question 2

By what percent did the wages of industrial workers raise by in 1914-1929?

Answer 2

14%

Question 3

In what other continent was US industrial workers wages 2 or 3 times higher than?

Answer 3

Europe.

Question 4

By what percentage did the production of industrial goods rise by in 1922-1929?

Answer 4

50%

Question 5

What does GNP/GDP stand for?

Answer 5

Gross national/domestic product.
(Interchangeable)
Means, the total value of goods produced and services provided in a country during one year.

Question 6

The GDP stood at $_____ billion in 19___ but increased to $____ billion in 19___.

Answer 6

$73 billion - 1920

$104 billion - 1929

Question 7

What did Prosperity give Americans?

Answer 7

The consumption of electricity doubled and in 1929 alone, $852 millions worth of radios were sold.
This was because people had more leisure time and money to spend on it. I.e. Electrical labour saving devices became vastly popular.

Question 8

Why didn’t everyone benefit from the ‘Prosperity’?

Answer 8

While the industrial sector boomed, Agriculture (farming) faced difficulties in part because of falling prices and overproduction.
Also, due to mass misogyny and racism many groups were largely excluded from the growing economic opportunities.