CAN IT BE DESCRIBED AS A BOOM? Flashcards
1
Q
NO- FARMERS
A
- began mass production to met growth, this required less labour, so unemployment in rural areas grew
- fewer government contracts
- tariffs didn’t protect agriculture
- prohibition decreased demand for barley/ hops
2
Q
NO- UNEQUAL DISTRIBUTION OF INCOME AND JOBS
A
- largely uneven wealth distribution between rural and urban areas
- less jobs for women following the war, as they were expected to vacate for men
- less jobs for African Americans
- large KKK racism rife
- fluctuating demand for employment caused by unstable growth
3
Q
YES- MASS PRODUCTION
A
- Ford- produced cars on an assembly line- 950 dollars to 290 dollars per car. made it affordable. a car was made every 10 seconds
- Taylor, division of labour created- increased productivity which increases output
- Barton- steel/ GM/ betty crocker advertising. invested to create a mass advertising market
- They all therefore developed American sectors, increasing global competition
4
Q
YES- GOVERNMENT
A
- Harding- Fordney- McCumber act. tariff on imports to keep money in the US
- Coolidge- spent less government money, laissez faire policy. improved trade
- Mellon- increased employment, invested in business, expansionary fiscal policy. economy must have been strong