Boom & Depression Flashcards
What are the 8 reasons the boom was so big?
- mass production
- consumer culture
- government policies
- Credit
- raw materials
- mass marketing
- stock marketing
- electrification
how many cars sold in 1919 and 1929?
1919 - 9mil
1929 - 26mil
how many radios sold in 1920 compared to
1930?
1920 - 60,000
1930 - 20mil
how many telephones sold in 1915 compared to 1930?
1915 - 10mil
1930 - 20mil
For every how many fridges in 1921 were how many in 1929
for every 1 in 1921 was 167 in 1929
How much was a model T ford in the 1920’s and what did it go down from in 1908?
$300 in 1927
$1000 in 1908
By the mid 1920s how many cars were being made everyday?
7500
How much did USA GDP rise by from 1922 to 1929?
40%
how many immigrants entered America in 1900-1920?
14mil
What percentages of homes in America had each item in 1920 and 1930
1- radio
2- vacuum
3- dish washer
item: 1920 - 1930
radio: less than 1% - 40%
vacuum: 9% - 30%
dishwasher: 8% - 24%
What was the name of the first tariff America introduced?
Fordney-McCumber
Name 2 old industries (not including agriculture) that went into decline?
coal
cotton
Name 3 industries that were accelerated by the boom?
contsruction
steel
Automobiles
Give 5 reasons why agriculture went into decline:
1- Demobilisation in Europe
2- Canada and Argentina began selling to Europe without tariffs
3- most countries imposed tariffs back on America
4- Food patterns changed to more exotic/luxury food items
5-Prohibition stopped the production of vineyards and barley massively as demand for legal production fell
what did the price of a hay bale fall to and when?
1920 $183 - 1929 $0.38