1920s America Flashcards
What was the unemployment rate in the USA during the 1920s?
Unemployment never rose above 3.7 percent.
By how much did the production of industrial goods increase between 1922 and 1929?
Production rose by 50 percent.
What manufacturing technique was famously developed by Henry Ford?
Mass production using moving assembly lines.
What was the price of a ‘Model T’ Ford in 1914 and in 1925?
$950 in 1914 and $250 by 1925.
What was the impact of mass production techniques on clothing during the 1920s?
Standard clothing sizes allowed for mass production of clothing.
Who developed time and motion techniques in management science?
Frederick W. Taylor.
What was the spending on advertising by companies in 1929?
$3 billion annually.
What technological advance greatly affected leisure time in the 1920s?
The development of electricity and household appliances.
How many cars were produced in the USA between 1920 and 1929?
The number of cars rose from 7.5 million to 27 million.
Which three firms dominated the motor industry in the USA during the 1920s?
Ford, General Motors, and Chrysler.
What economic policies did Republican governments in the 1920s favor?
Laissez-faire policies with minimal government interference.
What was the purpose of the Fordney–McCumber tariff passed in 1922?
To raise tariffs and protect US manufactured goods.
What was the impact of hire purchase on the economy during the 1920s?
It fueled economic prosperity but led to increased personal debt.
What happened to wheat prices after the First World War?
Wheat prices fell from $2.5 to $1 per bushel.
What was the Agricultural Credits Act of 1923?
It provided loans to farming co-operatives.
What was the living condition of many black Americans in the 1920s?
Many lived as sharecroppers in the South.
What percentage of families earned less than $2,000 in 1929?
60 percent of families.
What were the causes of the Wall Street Crash of 1929?
Overproduction, weak construction industry, land speculation, and banking system weaknesses.
What is meant by ‘buying on the margin’?
Buying shares on credit with a 10 percent deposit.
What immigration laws were passed in the 1920s?
1921 Emergency Immigration Law and 1924 Johnson–Reed Act.
What was the Red Scare associated with?
Fears of a Communist revolution in the USA.
How many were arrested during the Palmer Raids?
6,000 were arrested.
What was the estimated range for Communist membership at the time of the Red Scare?
Between 100,000 and 600,000.
Fill in the blank: The prosperity of the 1920s was mainly associated with the _______.
[industrial North and far West]