2/25 Class

Question 1

1920s

Answer 1

people were still poor even though people supported the idea of consumptionism

Question 2

madison avenue

Answer 2

was an avenue of shops where people would shop

Question 3

average american

Answer 3

middle class - consumption - on credit explodes, pollsters fascinated by the “average”

Question 4

investors democracy (and Ott)

Answer 4

argued for the peoples market, regulation needs to protect the common person,

Question 5

producerist ethic

Answer 5

the people that are engaged in the stock exchange aren’t engaged in producing something, Jeffersonian argument

Question 6

producers to consumers

Answer 6

things shifted to consumers, GDP was more on consumption than on producing

Question 7

stress on investing

Answer 7

halfway point between thrift and mass consumption

Question 8

Absentee Owners

Answer 8

owners were split between lots of people, people do not vote on their managers

Question 9

Associative State

Answer 9

industry gets to make rules on their own without government regulation

Question 10

sick industries

Answer 10

industries had lots of labor movements and bad conditions, farmers were the sick industries in the 1920s

Question 11

20s and 30s farm debate

Answer 11

farmers wanted to get paid more