American People And The Boom Flashcards
What was the impact of WW1 on America?
They grew in industrial strength
Lent money and sold arms/munitions to allies
Joined war
After war, took advantage of their industrial strength
What did Laissez faire mean?
That the government should do as little as possible to interfere in people’s everyday lives
What were tariffs?
Putting taxes on imports which made foreign goods more expensive for Americans to buy so many bought home-produced goods = helped US industry to thrive
What was low taxation?
Lower taxes meant people had a bigger proportion of their wages/profits for them to spend or invest
This helped industrial growth and benefited rich business men the most
How many cars were there in 1919 compared to 1929?
9 million in 1919
26 million in 1929
How many radios were there in 1920 - 1929?
60,000 radios in 1920
10million radios in 1929
How many telephones in 1915 - 1930?
10m in 1915
20m in 1930
What encouraged Americans to spend?
Many people that worked in Propaganda during war used -poster advertisements
Radio advertisements
Travelling salesmen
What could people do if they didn’t have any money?
They could borrow it or hire purchase (buy now, pay later)
What caused the stock market to boom?
Confidence that prosperity would continue to grow
Many bought shares in a company and gained a percentage of profits
How did Henry Ford revolutionise car-manufacturing?
In 1913, he set up the first moving production line in the world
Each worker on the line had one/two jobs to do as the skeleton of the car moved along
What was the most famous car made this way?
Model T Ford
More than 15million were made and in 1927, one was produced every ten seconds
How many cars were made in 1929?
4.8 million
How were cars beneficial?
Helped cities grow as you could drive in and from suburbs
Carry owners to cinemas/baseball games (entertainment)
Or holidays and shopping
What industries were thriving?
Motor industry was the biggest industry (employed hundreds of thousands of workers)
Glass, leather steel and rubber were all required to build new vehicles so those industries increased
Oil and petrol production increased
Road construction employed a lot of labourers to build new roads
What was the attitude to wealth in the 1920s?
Most American thought they had a right to ‘prosperity’ It was an aim to have a nice house, a good job, plenty to eat and their home to be filled with a lot of new goods(stuff)
How were Farmers not affected by the “Boom”?
Farm income dropped from 22billion to 13billion
Their main problem was that overproduction had led to a drop in prices of their produce
How did workers in older industries not benefit from the ‘boom’?
Coal suffered from competition from new industries e.g. electricity
Leather and textiles were protected from foreign competition but now from domestic competition - suffered from competition from new man-made materials e.g. nylon and rayon
Many workers had low wages which didn’t rise
How did the unemployed and poor not benefit from the ‘boom’?
Unemployment remained a problem as the growth in industry did not necessarily create a big amount of new jobs
Greater proportion of African-American and Hispanic were unemployed than Whites as they’d immigrated
The boom was consumer-led but many families couldn’t afford to but such goods and Republicans stayed strong on Laissez faire
How had the entertainment industry blossomed?
The average working week dropped from 47.4 to 44.2 hours a week so more people had leisure time
Average wages rose by 11%
A lot of this extra money and time was channelled into entertainment
How did radios increase?
Almost everyone in the USA listened to radio
Many who couldn’t afford one bought one in instalments
In 1921 there was only one listened radio station
In 1922 there were 508
The NBC network were making 150m a year
How did Jazz boom?
Jazz became a new obsession among young people
African-Americans that moved from the country to cities brought Jazz and blues music with them
1920s became the Jazz age with new dances e.g. Charleston
However, the older generation saw Jazz as corrupting young people
How did sport boom?
Baseball became a big money sport
New teams raised e.g. New York Yankees and Boston Red Sox
Prominent figures like Al Capone were big baseball fans
Boxing was also v popular