1920s usa Flashcards
what was the american dream?
idea that us is a land of opportunity, equality and freedom for all and that everything can achieve a good life if they work hard to succeed
why was there an economic boom?
(lack pants)
Laissez-faire
Assembly line
Credit
Knowledge
Position of the USA
Advertising
New consumer goods
Tarrifs
Share confidence
laissez faire meaning
no interference from gov in buisness, letting them grow
assembly line effect and meaning
mass production of goods, much quicker
example of effective assembly line in 20s us
Ford- one model and colour
Bulk buy parts so cheaper
6 cars built per minute
credit meaning and effect
pay in rates, not upfront and over time
how many ppl bought cars with credit?
6 out of 10
knowledge meaning and effect
development and new inventions due to experience from ww1
position of the us effect of ww1
no fighting in the USA, gained financially, not many casualties, only joined for 1917
why were they so good at advertising?
Learnt propaganda from war
new consumer goods effect and examples
keep consuming due to innovation
eg cars, fridges, radios,hoovers, telephones, deodorant etc
share confidence meaning and effect
Trust that you will make money from investing, human confidence can cause prices to rise or fall via word of mouth and news
by 1929 what percentage of global consumer goods were made in the US?
50%
isolationism definition
when a country chooses to isolate its from other countries
when and why did America isolate itself? how were they able to?
After ww1 bc the us came out of the war much better than Europe and they wanted to avoid getting involved with European conflict, alliances etc.
they were able to bc they could be self sufficient and not need to trade
republican features, ideals and representatives
right wing, conservative and old fashiones, red, military oriented, fewer taxes - trump
democrats features, ideals and representatives
left wing, liberal, progressive taxes, blue, decrease of military - biden
who did the economic boom benefit?
businesses, rich people, working class, factory owners
who didn’t benefit from the economic boom?
small handmade businesses, very poor people, rural areas and farmers.
tarrifs meaning
taxing foreign products so they’re more expensive to boost own market
how did the boom affect coal miners?
coal replaced by electricity and oil so wages get lower even though other prices increase
how did the boom affect rural areas?
-farms closed so unemployment increased
- unskilled labourers became unemployed as machinerie became more popular
-overproduction in farms so price fell
- population decrease
jazz in the 20s components
- Charlston dance
- flappers
-jazz age
-booze, smoking,young
-‘sinful’