Economic boom Flashcards
1
Q
what was laissez-faire
A
government should not interfere in business and economy
2
Q
attitudes in the 1920s towards sexual relationships
A
sex outside marriage was accepted
-car gave women/men freedom
-kiss and hug in public
- cinema (clara bow)
3
Q
what was the average per capita income for American farmers
A
273 dollas
4
Q
how much fake stockings was there in 1919
A
12000
5
Q
how much did clothing sales go up
A
427 percent
6
Q
how was the first world war the cause of the boom
A
- USA joined in 1917, economy not hurt
- took over colonial trade
- took control of chemical industry
- People’s attitudes (carpe diem)
- WW1 propaganda
- WW1 inventions
7
Q
how many people lived under the poverty line
A
42%V
8
Q
cars in 1929/1930
A
26 million
9
Q
why was the new methods of selling and advertising the cause of the boom in the USA
A
- Hire/purchase credit
- Advertising industry
10
Q
attitudes in the 1920s towards spending money
A
- spending more
- earnings spent
- advertising
11
Q
radios in 1919/20
A
60,000
12
Q
radios in 1929/30
A
10 million
13
Q
which groups of people did not benefit from the boom
A
- textile workers
- workers from traditional industries (coal, tin, leather)
- poor farmers
- african american sharecroppers
- recent immigrants
14
Q
what was the boom
A
period in USA in 1920s when economy grew rapidly
-growth of industry
- led to building of infrastructure
-electricity
-new methods of production
-changes in traditional industry
- new methods of advertising
-mass entertainment
15
Q
why did a boom happen in american during the 1920s
A
- WW1
- new methods of buying, selling and advertising
- changing social attitudes of ppl
- raw materials + working population
- Republican government
16
Q
what did farmers lose because of canada producing wheat
A
lost 51% of prices
17
Q
why did the radio industry grow so rapidly in the 1920
A
- to advertise their product $10000/hr
- wanted to listen to music/ news/sporrs
- purchase radios through hire and purchase
- not everyone could read
- gave access to new types of music/ dance
- mass producton- use of bakelite
- NBC radio- $150 million/ year
- rapid growth of radio stations : 1 in 1920 , 506 in 1922
18
Q
what was the advertising industry
A
WW1 propaganda techniques used in advertisment.
People aware of products- bought the products- big profits- hire more workers- spent wages on goods- prosperity and confidence
19
Q
what products were produced rapidly in the 1920s
A
, radios, cars, washing machines
20
Q
what were the annual sales of cars in 1929
A
$7 billion
21
Q
what was the star system
A
encouraged by advertising and product endorsements making people fans- went to movies to see favourite stars.
-Rudolph Valentino =the sheikh
-Clara Bow= when a woman sins
22
Q
cars in 1919/20
A
9 million
23
Q
3 famous jazz musicians
A
Luis Armstrong
Duke Ellington
Besse Smith
24
Q
coal miner wage
A
70 hr week
-$18 for men
$9 for women
25
what was the assembly line in mass production
1. introduced in 1920s especially by Ford motercar
2. producing goods in largs quantities v. quickly- sold at a lower price
3. automated production line along which the key parts of the product moves along, workers w/ each specific job
4. ford workers got paid $5 a day
26
why did the cinema become increasingly popular
1. average working week dropped 47.4 to 44.2 hrs- leisure time
2. avergae wages rose by 11%
3. americans tried to copy what they saw in movies
4. way to escape from worlds problems
5. easily accesible- could go by car
6. cheap- tickets 25 cents
7. star system
8. technology of talkies and tchicolor made movies exciting
9. fashion, hair, makeup, the 'look'
27
3 famous films
sheikh, jazz singer, golden rush
28
A. A sharecropper wage
- decrease in sales
- 22 billion to 13 billion
- $1000 a year
- mechanisation- puts farm labours out of jobs
29
3 famous sportsmen/ women
Jack Dempsey, Gertude Ederte, Babe Ruth
30
what was taylorism
new way of organising timing in way things did- efficiency- more productive - profits - confidence
31
importance of car to boom
1. petrol industry
2. advertising- billboards
3. building cities- urbanisation
4. tourism- hotels
5. mechanics- import. study
6. glass + rubber boomed \
7. garages fro services
8. road building
9. increase in trade
10. street lightning
11. entertainment= movies/sports
32
what was the average wage in 1929/30
60c / hr
33
in 1920 how many tickets for cinema sold each week
40 million
34
fale stocklings in1929/30
300 million
35
what was the hire purchase
getting lans and paying back money in instalments
- poor people bought consumer goods- companies sold more- profits- share prices went up- prosperirty + confidence
36
how many homes had electricity
70%
37
how many telephones wee in 1929/30
20 million
38
fridges in 1919'/20
for every 1
39
how many farmers went bankrupt in the 1920s
600,000
40
how mahy flights in 1929/30
162,000 flights
41
fridges in 1929/30
there were 167
42
what was teh annual sales of cars i 1919/20
$4 billion
43
how were attitdes bfore WW1 towards spending time
- conservative
44
examples of mass advertising
1, billboards
2. radios
3. magazine/ newspaper
4. catalogues
5. sponsership
6. car/ trucks
7. electrical signs
45
what was trsuts
1 or more companies dominate a sector of industries to maximize profits by controlling production, prices, wages
46
what was teh average wage
49c/hr
47
what did they grow in south america
cotton
48
how was the republican government the reason for the boom
laissez- faire
tariffs
taxes
trusts
49
what did the grow in east america
industry
wheat
50
names of 2 radio stations
KDKA
KOMO
51
what did the grow in north america
coal
52
what were the new industries developed
created other industries
53
how were attitudes in the 1920s towards leisure time
- more sexual element
- carpe diem
54
how were people before WW1
1. religious, strong religious moral values
2. conservative- did not like change
- aware of others
- distant
- worked hard, saved money, focus on family and church
- don't have fun
55
what were attitudes
say, do, how, they dress
circumstances
social behaviour
politics/ economics
56
what were the new industries developed
goods such as hoover, fridges, radios, phones, cars
57
what does carpe diem mean
live for the day
58
who dominated steel
carneige
59
who dominated oil
rockefeller
60
what were the new methods of production
assembly line
61
how was the raw materials and working population the cause of the boom
1, USA had lots of raw materials
coal- electricity, factories
oil- petrol
wood - housing industry
food- to feed workforce
2. USA didn't have to import lots of raw material
62
how many telephones were in 1919/20
10 million
63
in 1930 how many tickets in the cinema were sold each week
100 million
64
what were fake stockling made of
rayon
65
names of 2 male movie stars
Rudolph Valentino
Charlie Chaplin
66
importance of electricity to boom
1. electric lighting at home
2. appliances at home
3. kitchen appliances
4. radio and film- advertising
5. fresh fruit and vegetables- supermarkets- markets- fridges
6. transport- elevator
7. street lighting
8. assembly lines
67
2 famous nightclubs
cotton club, stork club
68
3 famous buildings
- empire state\
- chrysler
- flat iron building
69
which country was doing well in terms of farming
canada
70
what did they grow in west america
oranges , raisins
71
what were tariffs
- taxes on imports made them more expensive than American products
72
give an example of a tariff
1922 Forney McCumber on food
73
names of 2 female movie stars
Greta Garbo
Gloria Swanson
74
attitudes before WW1 towards sexual relationships
- sex was taboo
- sex outside marriage was frowned upon
- women not marrie but kidostravsed
75
what were new methods of managing business
taylorism
76
how did changing social attitudes of people contribute to an economic boom
1. before WW1- ppl were religious, worked hard, traditional
2. after war- attitudes changed ppl spent money on products and leisure activities
77
how were attitudes before WW1 towards leisure time
1. Sunday Church
2. Spent family at home
3. Getting drunk frowned upon
4. Worked hard- no fun
78
2 famous dances
charlestone and tango
79
who was Al-folson
white jazz producer who lacked himself up
80
what were radios made of
backelite
81
what was mass advertising
- nation wide
- to all social groups
82
why did agriculture not share in the prosperity of the 1920s economic boom
1. rep. policy of tariffs on European goods- tariff war
2. rep. policy on laissez faire \
3. competition from Canadian wheat farmers
4. less demand for food products
5. US farmers were overproducing
6. public demand for meat
7. new industries took away traditional markets
8. farm laborers were unskilled- 1st to lose their jobs- bankrupt.
83
what were the republican policies
conservative
free market economies
isolationist
84
importance of banking system and hire purchase
1, Banking system not very regulated
2. small banks in rural areas
3. banks did not have liquidity or cash
4. 1920s banks lent money to investors on stock markets- companies could expand- create new jobs
85
reasons why workers in older industries didn't benefit from boom
older industries mechanised their production led to overproduction led to fall in prices
