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Economic boom Flashcards

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1
Q

what was laissez-faire

A

government should not interfere in business and economy

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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)

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3
Q

what was the average per capita income for American farmers

A

273 dollas

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4
Q

how much fake stockings was there in 1919

A

12000

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5
Q

how much did clothing sales go up

A

427 percent

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6
Q

how was the first world war the cause of the boom

A
  1. USA joined in 1917, economy not hurt
  2. took over colonial trade
  3. took control of chemical industry
  4. People’s attitudes (carpe diem)
  5. WW1 propaganda
  6. WW1 inventions
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7
Q

how many people lived under the poverty line

A

42%V

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8
Q

cars in 1929/1930

A

26 million

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9
Q

why was the new methods of selling and advertising the cause of the boom in the USA

A
  1. Hire/purchase credit
  2. Advertising industry
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10
Q

attitudes in the 1920s towards spending money

A
  1. spending more
  2. earnings spent
  3. advertising
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11
Q

radios in 1919/20

A

60,000

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12
Q

radios in 1929/30

A

10 million

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13
Q

which groups of people did not benefit from the boom

A
  1. textile workers
  2. workers from traditional industries (coal, tin, leather)
  3. poor farmers
  4. african american sharecroppers
  5. recent immigrants
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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

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15
Q

why did a boom happen in american during the 1920s

A
  1. WW1
  2. new methods of buying, selling and advertising
  3. changing social attitudes of ppl
  4. raw materials + working population
  5. Republican government
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16
Q

what did farmers lose because of canada producing wheat

A

lost 51% of prices

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17
Q

why did the radio industry grow so rapidly in the 1920

A
  1. to advertise their product $10000/hr
  2. wanted to listen to music/ news/sporrs
  3. purchase radios through hire and purchase
  4. not everyone could read
  5. gave access to new types of music/ dance
  6. mass producton- use of bakelite
  7. NBC radio- $150 million/ year
  8. rapid growth of radio stations : 1 in 1920 , 506 in 1922
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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

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19
Q

what products were produced rapidly in the 1920s

A

, radios, cars, washing machines

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20
Q

what were the annual sales of cars in 1929

A

$7 billion

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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

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22
Q

cars in 1919/20

A

9 million

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23
Q

3 famous jazz musicians

A

Luis Armstrong
Duke Ellington
Besse Smith

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24
Q

coal miner wage

A

70 hr week
-$18 for men
$9 for women

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25
Q

what was the assembly line in mass production

A
  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
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26
Q

why did the cinema become increasingly popular

A
  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’
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27
Q

3 famous films

A

sheikh, jazz singer, golden rush

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28
Q

A. A sharecropper wage

A
  • decrease in sales
  • 22 billion to 13 billion
  • $1000 a year
  • mechanisation- puts farm labours out of jobs
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29
Q

3 famous sportsmen/ women

A

Jack Dempsey, Gertude Ederte, Babe Ruth

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30
Q

what was taylorism

A

new way of organising timing in way things did- efficiency- more productive - profits - confidence

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31
Q

importance of car to boom

A
  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
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32
Q

what was the average wage in 1929/30

A

60c / hr

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33
Q

in 1920 how many tickets for cinema sold each week

A

40 million

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34
Q

fale stocklings in1929/30

A

300 million

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35
Q

what was the hire purchase

A

getting lans and paying back money in instalments
- poor people bought consumer goods- companies sold more- profits- share prices went up- prosperirty + confidence

36
Q

how many homes had electricity

A

70%

37
Q

how many telephones wee in 1929/30

A

20 million

38
Q

fridges in 1919’/20

A

for every 1

39
Q

how many farmers went bankrupt in the 1920s

A

600,000

40
Q

how mahy flights in 1929/30

A

162,000 flights

41
Q

fridges in 1929/30

A

there were 167

42
Q

what was teh annual sales of cars i 1919/20

A

$4 billion

43
Q

how were attitdes bfore WW1 towards spending time

A
  • conservative
44
Q

examples of mass advertising

A

1, billboards
2. radios
3. magazine/ newspaper
4. catalogues
5. sponsership
6. car/ trucks
7. electrical signs

45
Q

what was trsuts

A

1 or more companies dominate a sector of industries to maximize profits by controlling production, prices, wages

46
Q

what was teh average wage

A

49c/hr

47
Q

what did they grow in south america

A

cotton

48
Q

how was the republican government the reason for the boom

A

laissez- faire
tariffs
taxes
trusts

49
Q

what did the grow in east america

A

industry
wheat

50
Q

names of 2 radio stations

A

KDKA
KOMO

51
Q

what did the grow in north america

A

coal

52
Q

what were the new industries developed

A

created other industries

53
Q

how were attitudes in the 1920s towards leisure time

A
  • more sexual element
  • carpe diem
54
Q

how were people before WW1

A
  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
Q

what were attitudes

A

say, do, how, they dress
circumstances
social behaviour
politics/ economics

56
Q

what were the new industries developed

A

goods such as hoover, fridges, radios, phones, cars

57
Q

what does carpe diem mean

A

live for the day

58
Q

who dominated steel

A

carneige

59
Q

who dominated oil

A

rockefeller

60
Q

what were the new methods of production

A

assembly line

61
Q

how was the raw materials and working population the cause of the boom

A

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
Q

how many telephones were in 1919/20

A

10 million

63
Q

in 1930 how many tickets in the cinema were sold each week

A

100 million

64
Q

what were fake stockling made of

A

rayon

65
Q

names of 2 male movie stars

A

Rudolph Valentino
Charlie Chaplin

66
Q

importance of electricity to boom

A
  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
Q

2 famous nightclubs

A

cotton club, stork club

68
Q

3 famous buildings

A
  • empire state\
  • chrysler
  • flat iron building
69
Q

which country was doing well in terms of farming

A

canada

70
Q

what did they grow in west america

A

oranges , raisins

71
Q

what were tariffs

A
  • taxes on imports made them more expensive than American products
72
Q

give an example of a tariff

A

1922 Forney McCumber on food

73
Q

names of 2 female movie stars

A

Greta Garbo
Gloria Swanson

74
Q

attitudes before WW1 towards sexual relationships

A
  • sex was taboo
  • sex outside marriage was frowned upon
  • women not marrie but kidostravsed
75
Q

what were new methods of managing business

A

taylorism

76
Q

how did changing social attitudes of people contribute to an economic boom

A
  1. before WW1- ppl were religious, worked hard, traditional
  2. after war- attitudes changed ppl spent money on products and leisure activities
77
Q

how were attitudes before WW1 towards leisure time

A
  1. Sunday Church
  2. Spent family at home
  3. Getting drunk frowned upon
  4. Worked hard- no fun
78
Q

2 famous dances

A

charlestone and tango

79
Q

who was Al-folson

A

white jazz producer who lacked himself up

80
Q

what were radios made of

A

backelite

81
Q

what was mass advertising

A
  • nation wide
  • to all social groups
82
Q

why did agriculture not share in the prosperity of the 1920s economic boom

A
  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
Q

what were the republican policies

A

conservative
free market economies
isolationist

84
Q

importance of banking system and hire purchase

A

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
Q

reasons why workers in older industries didn’t benefit from boom

A

older industries mechanised their production led to overproduction led to fall in prices

History (11 decks)

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