1921-1929: Prosperity

Question 1

Which % of people lived in cities by 1920?

Answer 1

15%

Question 2

What did the spread of suburbia do?

Answer 2

Fuel the automobile revolution

Question 3

Give some examples of increased standard of living 1920-30

Answer 3

Ownership increased:
Flushing toilets up 20%
Central heating up 40%
Lighting doubled

Question 4

Which % of homes had electricity by 1930?

Answer 4

85%

Question 5

Which % of people had vacuum cleaners?

Answer 5

30%

Question 6

How many people had washing machines?

Answer 6

24%

Question 7

Which % of people had fridges?

Answer 7

8%

Question 8

Which % of furniture was bought on hire purchase?

Answer 8

60%

Question 9

When was the 1st radio station formed?

Answer 9

1920 - KDKA

Question 10

How many radio stations were there by 1930?

Answer 10

556

Question 11

What did the radio stock price increase by?

Answer 11

1000%

Question 12

When was the 1st ‘talkie’?

Answer 12

1927

Question 13

How many films were made annually?

Answer 13

Between 800-1000

Question 14

How many cinemas were there by 1930?

Answer 14

17,000

Question 15

How many cars were there by 1929

Answer 15

27 million

Question 16

Which % of people were employed in automobile/supporting industries by 1929?

Answer 16

10%

Question 17

What did the cost of the Ford Model T reduce by and why?

Answer 17

Mass production - $860 in 1908, $360 in 1916

Question 18

Which % of people were still in poverty?

Answer 18

60%

Question 19

Who were the main benefactors from the boom?

Answer 19

Big business
Whites, middle and upper classes
Rural America struggled - reliance on agriculture, not affected by consumer goods

Question 20

What was an issue with laissez-faire policy?

Answer 20

Allowing monopolies increased prices

Question 21

How much was the Ford Model T production time reduced?

Answer 21

From 14 hours to 1.5 hours

Question 22

How much did Ford pay his workers per day?

Answer 22

$5

Question 23

What did the introduction of Daylight Saving Time do?

Answer 23

Increase production

Question 24

How much was credit worth by 1930?

Answer 24

$9 billion

Question 25

What were the reasons for the Boom?

Answer 25

Laissez-faire policy
Mass production
Effect of WW1
Technology
Tariffs
Credit
Mass-marketing
Taxes
Confidence
Resources

Question 26

Which % of cars were sold on credit?

Answer 26

75%

Question 27

Give an example of American interest in foreign economies

Answer 27

In 1927, 85% of tractors in Russia were American
Private investment in other countries was worth $17,200million by 1930
Rubber industry in Liberia

Question 28

What did industry profit increase by?

Answer 28

60%, but wages only increased 8%