Economic Boom Flashcards

1
Q

When did Henry Ford pioneer the assembly line ?

A

1913

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2
Q

When did mass production see a decrease in items

A

1914

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3
Q

When did the USA enter WW1

A

1917

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4
Q

When was Warren Harding president

A

1921-1923

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5
Q

When was 5 million men unemployed

A

1921

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6
Q

When was the economy recovered

A

1922

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7
Q

how long was Calvin Coolidge president

A

1923-1929

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8
Q

When did half the world have Henry Fords car

A

1925

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9
Q

when was Herbert Hoover president

A

1929-1933

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10
Q

When did most US cities have electricity

A

1929

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11
Q

examples of who benefited from the boom

A

owners of consumer goods factories
Assembly line workers
white people in cities
speculators on the stock markets
early immigrants
middle class women
builders

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12
Q

examples of who didn’t benefit from the boom

A

farmers
sharecroppers
black people
people in rural areas
coal miners
textile workers
new immigrants

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13
Q

the causes of the boom

A

advertisement
hire purchase and credit
mass production
electricity
core goods
convenient shopping

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14
Q

how did WW1 escalate the boom

A

they could trade with allies
countries borrowed money from the USA
by 1918 USA was the world leading economy
new technological advances

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15
Q

Why did America try and stay out of WW1

A

The policies of neutrality and isolation

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16
Q

how did electricity help the boom

A

it helped with the development of vacuum cleaners, fridges, washing machines, cookers, phones, radios and more

17
Q

how did core goods help

A

things like coal, wood and oil gave a good foundation for the US growth

18
Q

how did advertisement help

A

it produced a cycle of consumerism

19
Q

what did Harding promise

A

return to normality

20
Q

what did harding introduce in 1922

A

Fordney McCumber Tariff which raised import duties on goods coming into America from foreign countries this policy was known as protectionism

21
Q

what is rugged individualism

A

the American ideal that individuals are responsible for their own lives without any help from anyone else

22
Q

how many black american farmers lost their jobs in the 1920s

A

750,000

23
Q

where became overcrowded by black people

A

ghettos

24
Q

where was there competition with farmers

A

Canada,Australia, Argentina