Economic Boom Flashcards
When did Henry Ford pioneer the assembly line ?
1913
When did mass production see a decrease in items
1914
When did the USA enter WW1
1917
When was Warren Harding president
1921-1923
When was 5 million men unemployed
1921
When was the economy recovered
1922
how long was Calvin Coolidge president
1923-1929
When did half the world have Henry Fords car
1925
when was Herbert Hoover president
1929-1933
When did most US cities have electricity
1929
examples of who benefited from the boom
owners of consumer goods factories
Assembly line workers
white people in cities
speculators on the stock markets
early immigrants
middle class women
builders
examples of who didn’t benefit from the boom
farmers
sharecroppers
black people
people in rural areas
coal miners
textile workers
new immigrants
the causes of the boom
advertisement
hire purchase and credit
mass production
electricity
core goods
convenient shopping
how did WW1 escalate the boom
they could trade with allies
countries borrowed money from the USA
by 1918 USA was the world leading economy
new technological advances
Why did America try and stay out of WW1
The policies of neutrality and isolation
how did electricity help the boom
it helped with the development of vacuum cleaners, fridges, washing machines, cookers, phones, radios and more
how did core goods help
things like coal, wood and oil gave a good foundation for the US growth
how did advertisement help
it produced a cycle of consumerism
what did Harding promise
return to normality
what did harding introduce in 1922
Fordney McCumber Tariff which raised import duties on goods coming into America from foreign countries this policy was known as protectionism
what is rugged individualism
the American ideal that individuals are responsible for their own lives without any help from anyone else
how many black american farmers lost their jobs in the 1920s
750,000
where became overcrowded by black people
ghettos
where was there competition with farmers
Canada,Australia, Argentina
