22-23-Y9 History (Summer) Flashcards
1908
First Model T Ford released
1917
Russian Revolution
1918
First World War Ends
1919
Volstead Act Passed
1919
Strikes across America
1920
Prohibition Starts
1920
Palmer Raids
1920
Sacco and Vanzetti Trial
1921
Immigration Quota Act
1922
Fordney-McCumber Tariff
1924
National Origins Act
1924
In June Ford sold its 10 millionth Model T
1925
KKK Washington March
1925
Al Capone becomes boss of Chicago Mafia
1927
The first talkie “The Jazz Singer” released
1927
Sacco and Vanzetti executed
1929
St Valentine’s Day Massacre
1929
Wall Street Crash
How did WW1 help contribute to the economic boom in America?
$9 billion was loaned to the Allies over the course of the First World War. American supplied the world with 40% of all iron and 70% of all petrol.
How did mass production help contribute to the economic boom in America?
By 1925, one Ford Car was being made every ten seconds. Mass Production helped reduce price of the Model T Ford from $850 to $260. In 1929 around 27 Million cars were registered. By 1925, 500,000 were working in the car industry.
Which Republican policies helped contribute to the economic boom in America?
Rugged individualism, isolationism, laissez faire, high tariffs on imported goods – these allowed companies to grow.
How did advertising help contribute to the economic boom in America?
New advertising techniques encouraged people to spend. Billboards became important in new advertisements.
How did hire purchase help contribute to the economic boom in America?
Paying by instalments meant people didn’t need to have the money at the time they wanted to buy. Six out of 10 cars were bought with hire purchase.
How did the stock market help contribute to the economic boom in America?
‘Playing the market’ became a craze. People would buy on the margin – this was where they would borrow money from the banks to buy shares, then pay it back with the money made from the shares.