20s Flashcards
Name the 3 factors that contributed to the economic boom
Government - The Fordney-McCumber Tariff act
Isolationism and WW1 - Better economy as America sold weapons to other countries for the war.
Consumer Society - Everyone was buying goods in the city instead of producing their own.
Higher income - Less tax so people had more disposable income.
What are 3 positive effects of the economic boom?
People could get more luxury items.
Businesses were making more money because of increased demand.
More jobs because more factories.
What was the name of Henry Ford’s first car?
Model T
What was the impact of the motor industry on society in the boom?
Gave a lot more jobs as people needed to make car parts and they also needed to build roads for the cars to drive on.
What years did the Model T make the most amount of sales?
1915-1929
What is buying on the margin?
Paying for a stock with the profits made from it, delayed payment.
Why did Farmers not benefit from the economic boom?
Other countries did not need food as war had ended.
Countries put taxes on America to fight against the Tariffs America placed.
Why did traditional industries not benefit from the boom?
Coal Mines closed, no coal miners.
Less demand for wool products and cotton, so many factories/ businesses went under.
Pop culture in the roaring 20’s
Cinema, Hollywood was created Jazz Music as it appealed to the young Crossword Puzzles Sports Flappers - More independent women
What was jazz music known for?
Fast tempos and lively rhythms.
When was the first film with sound made?
The Jazz Singer - 1927
How have women changed before, during and after world war 1?
Before - Very restricted, very traditional family lives, low class women usually settle for bad paying jobs. During - Given the right to vote in 1920, took over men's jobs when they went to war, gained a sense of independence. After - More women lived on their own, some dressed differently and behaved differently, divorce rate doubled, more sex.
What type of women did not change?
Women in southern states and in poorer rural areas.
Reasons for prohibition
It caused violence in cities.
Caused poverty, addiction and debt.
Americans who drank beer were traitors as it came from Germany.
Why did prohibition not work?
Gangs made speakeasies.
Smuggled in alcohol from Mexico etc.
Millions of people were willing to break the law.
Police/ Judges/ Bodyguards were bribed with money from the gangsters.
