Economic Boom 1920's Flashcards
What was the economic boom in the 1920s?
A period of rapid economic growth/expansion
What does SHELDAC stand for?
S-Stock market H-hire purchase E-Exports L-Lassiez faire D-Disposable income A-Assembly line C-Condsumer goods
How many cars were bought on hire purchase?
6/10
what is an example of a US export?
Coal from Kentucky- around 42%
What is an example of Disposable income?
Henry Ford’s workers were payed 5 US dollars a day.
How many cars were being produced every minute because of assembly lines?
1 car every minute
what was the biggest car production factory called?
Rouge Plant in Michigan
How did the car industry help other industries?
Th cars used 80% rubber,20% steel, 75% plate glass and 65%leather -of US resources
How much was a Model T?
1909-£1200
1929-£295(very affordable)
How did shifts change because of Henry Ford?
because there were 3 different shifts(morning, afternoon and night) the daily hours reduced by 1hour going from 9hours to 8hours
What were some features of the Model T?
> it went 40/45 mph
>15.5Million were made by 1929
What were some of the failing industries?
Nylon- cotton industry
Coal mining
farming- over produced for war
2Mil unemployed
how many union workers were there?
1920-5.1Million
1929-3.6Million
(As work places would fire employees and be violent if caught at a strike)
What are some examples of low wages?
> In textile industry women were payed 18cents an hour and worked for 56hours
There was no minimum wage, sick, unemployed, state pension or healthcare pay because of Republican policies
Coal miners were payed 1/3 or 33% of the national average wages
What were conditions like in poor rural areas?
> Farming and coal mining only earned 1/3 of what other workers were earning
10% had electricity/electrical lights and water supplies
6 million left the countryside and moved to the city(rural-urban migration) in the 1920s
What was it like for other races in the 1920s?
African Americans were treated badly and experienced racism along side low wages and low skilled jobs
Native Americans had their land taken from them, were poorly educated and had a lower life expectancy than other races. They also were forced onto land called reservations so that infrastructure building could take place.
What was prohibition?
The ban of alcohol from 1920-33 under President Hoover
What 3 reasons were the main causes of why prohibition was introduced?
> Religion-Women’s Christian Temperance Union-concerned that drinking=sin. also linked to prostitution, gambling and flappers
Social-Anti-Saloon League-concerned that there wasn’t enough money for the family and also drinking linked to domestic violence
Xenophobia-White Anglo Saxon Protestants(WASP’s)- fear o foreign items, also scared of communism-Vodka was Russian, Beer was German and Whiskey was Irish
How was crime related to prohibition?
> Gangsters like Al Capone, Bill McCoy and Bugs Moran would sell alcohol and bribe police.
Capone donated $250000 to Chicago mayor Thompson and also controlled the sells of 10000 speakeasies
St Valentines Massacre 1929- 7 deaths of Moran’s gang
How did deaths relate to prohibition?
> deaths from alcohol poisoning increased from 98 in 1920 to 800 in 1926
‘Jackass Brandy’ caused internal bleeding and ‘Soda Pop Moon’ was poisonous
Was prohibition successful?
> Alcohol consumption per person fell by 30%
Deaths from alcoholism fell by 80%
Male liver failure dropped by 10%
How many prohibition agents were there?
1500 and in 1930-3000
How many agents took bribes?
1/12 took bribes
What were the Immigration Acts?
Immigration Quota Act 1921
National Origins Act 1924
