america course- revision Flashcards
mocks
what are four causes of the economic boom
post war prosperity- inflation never went above 1%
technological advancements- henry ford and the model T
easy credit- people could afford things they never could before
government policies- McCumber tariff
what are some statistics for the causes of the economic boom
TA-car ownership tripled to 27 million by the end of the 20’s
PWP-inflation never went above 1%
EC-1929, almost $7 billion worth of goods were sold on credit
PWP AND TA-employees working less hours 44 hours compared to 47 hours
PWP-unemployment never rose above 3.7%
GP-tax reductions in 1924, 26 and 28
what are three limits of the boom
prohibition led to a reduction in crops
tech advances meant more crops could be produced on less land- fall in prices
continued racism and discrimination
what are some statistics on the limits of the boom
66% of farms operated at a loss
85% of black Americans lived in the south
what are causes of the crash
get rich quick schemes
buying shares on margin (borrowing from banks and brokers)
banking system couldn’t cope with corruption and self regulation
statistics of the crash
1929- wall street crash
$30 billion lost in the first ew weeks
immigration
many feared immigration from eastern Europe-communism
racism lit test, emergency quota act 1921 and johnson reed
sacco and vanzetti
immigration statistics
russain revolution- 1917
1919 literacy test, 1921 EQA and JOHNREED
1920- sacco and vanzetti accused
red scare led to 6000 arrests
cultural change
disposable income- cars, radios more
cars and holidays
leisure time- cinema grows
harlem renaissance- growth of black culture and msuic
statistics of cultural change
27 million owning cars, the building of roads and highways
1923-30 60% purchased a radio
1927- first sound film, the jazz singer
1922- 500 radio stations
prohibition and crime
al capone
womens christian temperance union
bootleggers, speakeasiees
corrupt police
prohibition statistics
capone made around $100 mil a year
