Chapter 3 - 2. the boom years - industrialisation and consumaerism Flashcards
As a result of increased industrialisation (work), unemployment never rose above ____ from 1922-1929 and inflation never rose higher than ______
3.7%
1%
Employees were working fewer hours on average 44 per week in 1929 compared with 47 in 1920.
Real wages of industrial workers rose by 14% between 1914 and 1929, and on average they were 2 or 3 times higher than those in Europe.
As a result of industrialisation techniques, production of industrial goods rose by _____ from ______
50%
1922 and 1929.
Growing industrialisation increased Gross National Product (GNP) from ______ to ______
$73 billion in 1920
$104 billion in 1929.
As a result of growing urbanisation, the amount of electricity _____ and in 1929 alone, $___ worth of radios were sold
doubled
$852 million
Name some of the impacts of industrialisation that eased aspects of everyday life
electrical labour saving devices
- vacuum cleaners
- washing machines
Affordable by more and more people.
Motor cars eased travel both to and from work and for leisure pursuits.
impact of growing consumerism, including entertainment
The 1920s was regarded as the golden age of cinema
1929, 80 million tickets were sold weekly for the movies
Boxing match of Gene Tunney against Jack Dempsey in September of 1937, the attendance was 107 943 and receipts were a record $2 658 660
What were some of the issues with the facts associated with the ‘Boom years’ - 1920s?
They fail to illustrate individual circumstances such as whether the low unemployment figure was applied to all sectors of the economy or whether some industries suffered high or seasonal unemployment, as well as how fair the benefits were for ethnic groups as well as women - Clements(paraphrased)
