Economic Developmments: Cars in the 1920s Economic Boom and the Stock Market

Question 1

What year did Henry Ford introduce the assembly line?

Answer 1

1913

Question 2

What was the assembly line?

Answer 2

It was a way to have workers on a line be designated to only putting on one part of a car each

Question 3

How frequently did a new Ford Model T get finished in 1920?

Answer 3

Once every 2 hours

Question 4

What was the main car Ford produced in the 1920s?

Answer 4

Ford Model T

Question 5

What was the nickname for the Ford Model T?

Answer 5

Tin Lizzie

Question 6

Why was the Ford Model T called the Tin Lizzie?

Answer 6

It was durable

Question 7

Why did the Ford Model T need to be durable in 1920?

Answer 7

Only 2% of roads were driveable in 1920

Question 8

What did Henry Ford do with the working days for his employees?

Answer 8

He gave them 8 hour working days

Question 9

How many days a week did Ford make his workers work a week?

Answer 9

5 days a week

Question 10

What was significant about Henry Ford doing these worker changes in relation to the laissez-faire government?

Answer 10

He had not been told to do this by the government

Question 11

What did Ford make sure with the wages of his workers?

Answer 11

That it would be enough to buy a Ford Model T

Question 12

How much did a Ford Model T cost in the 1920s?

Answer 12

$300

Question 13

Which city did Ford create into a booming city?

Answer 13

Detroit

Question 14

How often was one car finished out of all Ford’s factories by 1920?

Answer 14

Once every 10 seconds

Question 15

What did Ford announce for his workers in 1914 in terms of payments?

Answer 15

He would pay his workers $5 a day

Question 16

Name 2 other industries that expanded due to the car industry

Answer 16

Leather and rubber industry

Question 17

How much of all petrol in the USA was consumed by the car industry in 1928?

Answer 17

90% of petrol

Question 18

How much of all rubber in the USA was consumed by the car industry in 1928?

Answer 18

80% of rubber

Question 19

Name the 2 main car manufacturers in the 1920s

Answer 19

Ford, Chrysler

Question 20

When was the Federal Highway Act of the 1920s passed?

Answer 20

1921

Question 21

How many miles of roads were created a year under the 1921 Federal Highway Act?

Answer 21

10,000 miles of roads a year

Question 22

What was a limitation with the 1921 Federal Highway Act?

Answer 22

A report in 1936 showed 50% of the roads built in the 1920s were wearing out

Question 23

What was causing the relatively new roads built by the government to wear out so quickly?

Answer 23

Traffic

Question 24

What issue emerged for pedestrians with cars?

Answer 24

They could be killed from being hit by cars

Question 25

How many people a year died from car accidents in 1920?

Answer 25

12,000

Question 26

How many people died from car accidents in 1930?

Answer 26

30,000

Question 27

How much did the average amount of shares traded in the stock market go up annually in the 1920s?

Answer 27

Went up around 100 million a year

Question 28

How many shares were sold in 1929?

Answer 28

1.1 billion

Question 29

What fraction of all American citizens became involved in the stock market in the 1920s?

Answer 29

1/5 of all Americans