American people and the Boom 1/2 Flashcards
Explain what the ‘Boom’ was
The boom was when the economy was strong in the 1920s which made Americans spend and borrow more money
What was good about the economic ‘Boom’
During the 1920s, Employment rates and wages were high so people had more money to spend on stuff like hoovers, washing machines which were luxury items at the time
What are 2 ways americans payed for luxury items such as cars, hoovers and washing machine and define them
- Hire purchase- Payements in instalements
- Credit- Either taking out a loan or get given the item and agree to pay for it later
What is good about Credit and Hire purchase payments
encourages people to buy expensive goods
What is a stock market boom `
This is a period during 1920s where people keep on buying shares, wait for their value to go up and then sold for profit
Who is Henry Ford and what did he do
Henry Ford used mass production for his ford business and created factory lines to produce cars in large quantities and efficiently
What are advantages of the Ford assembly line
It was made quickly so more cars were produced cheaply so was affordable to public
How has Advertising affected peoples lives
Encourages Americans to spend more as companies tried persuading people to buy their goods
What is the laissez faire approach
This is a approach which the republic government believed that the government should not try to control the economy
What did the republican governments do
The republican government reduced income tax and other taxes which meant that people had more money to spend on the business
What is the Fordney McCumber Tariff
This is used to protect US farmers and factories by making it costly for foreign producers to import their product to the US to make it more likely for people to buy from the US
How did new mining technologies affected peoples life during the boom
New mining technologies led to coal workers losing their job and whoever kept their job, their wages was low which led to unemployment and poverty
How did monopolies affect peoples lives during the boom
Monopolies kept prices high and wages low. this is because there was no competition which adds on to the poverty that some people are experincing
How has migration of farmers affected peoples lives during the boom
Migration of farmers from rural areas to urban areas meant that there is an increased chance of unemployment because there is more people competing for jobs and houses
What is meant by rugged individualism
people are expected to work hard to support themself rather than relying on the government to support them
How was cinema popular during the 1920s
This was a form of entertainment and tickets were cheap so more likely to be able to afford the tickets and people enjoyed going to watch movie stars like clara bow
What is talkies
Talkies we’re introduced in the 1920s and it was were they introduced audio instead of being silent which attracted more people to cinemas
What is jazz and why was it disapproved
A genre of music that developed from music of black community. Older people disapproved of jazz because it was fast paced rhythm which led to daring and dancing which people thought this was immoral
Where was jazz mostly performed in
Mostly performed in speakeasies where young people smoked and drank alcohol
What did most women have to do during the first world war
Women entered the workforce whilst the men went to fight and they do men jobs like construction
What is the 19th amendment
Gave women the rights to vote during the 1920s
How has the 19th amendment benefitted women
Number of women in the workforce increased which gave these women money and freedom so they can be more independant
What were flappers
Flappers were mainly young women who stopped wearing corsets and started wearing loose dresses, short hair and smoked and drank alcohol and drove cars
What are three ways some women did not get involved in flapper lifestyle
- Individuals could not afford flapper lifestyle
- Women were still expected to raise children, housework and traditional values although the 19th amendment was passed
- some religious women disapproved of flapper lifestyle
