America 1920-1973 Part 1 Flashcards
who was the president of America in 1920
Woodrow Wilson
Anarchists
Rebel
How many people immigrated to America between 1850-1919
Over 40 million immigrants
what is a constitution
Laws of the Land
Push factors of America
-Lack of Opportunity
- Overcrowding
-Unemployment
-Persecution
Pull factors of America
-Space
-It was a Land of Free
-Economic Opportunity
-Wages higher
What was American Bill of Rights (1791)
It guaranteed freedom of religion, freedom of speech and freedom of the press
Boom
Period of things going well
Consumerism
buying +continuing to buy products
Name some Characteristics of the boom
- More people lived in the city
-people travelled from around the world
-production increased
-Amount of millionaires increased x5
-Jazz , music, entertainment - increased employment
-
What is the Characteristics of Boom
acronym
(FIMCATS)
Films
Industry
Magazines
Construction
Advertising
Transport
Shopping
speculation
form of gambling
playing the stock market
millions of people felt that playing the stock market was an ideal way to get rich , people were buying shares in companies and made money by selling them on (dividance)
what did speculation mean
speculation meant you would speculate/ guess (gamble) this meant you had a chance of winning/losing
how might stock market lead to problems
it will crash at one point due to stocks being too high. If stocks prices keep increasing +people would invest this would lead to crash
why was there such a “boom” in the 1920s stock market ?
In the 1920s , new businesses were developing all the time thanks to the republican government having low taxatio. This meant that there were newly emerging businesses and developing companies for people to invest in
impact of ww1 on America
- As USA stayed out of war in first 2 and a half years this allowed USA to prosper financially.
- At end of WW1 USA led world in production of medicines and other materials
-War had smaller impact on USA than France, Germany, Russia and Britain
-America was only major nation not faced by huge Wartime debts
How was Mass Production a cause of the boom
-New Products
- Increased employment stimulated
further the demand for goods