Consumer goods Flashcards
What became the foundations of the enormous boom in consumer goods?
Newly massed produced products
Name some items that were mass produced
Telephones, radios, vacuum cleaners and washing machines - this made them cheaper
Number of cars in 1919:1929
9 million:26 million
Number of radios produced 1920:1929
60,000:10 million
Number of telephones produced 1915:1930
10 million:20 million
Ratio of fridges produced in 1921 to 1929
For every one fridge produced in 1921 there was 167 produced in 1929
What did big industries do to get more people to buy their products?
They used new sales and marketing techniques
What could people with not much money use?
They could borrow it easily or take advantage of the new ‘Buy Now, Pay Later’ HIRE PURCHASE schemes
What was the ratio of cars and radios bought on credit?
8/10 cars
6/10 radios