(Economic prosperity) Limitations Flashcards
Unequal distribution of wealth - where was prosperity largely concentrated in the 20s?
Industrial North and far West.
Unequal distribution of wealth - __% of ______ lived on less than $______ a ____.
a) 60%
b) families
c) $2,000
d) year
Unequal distribution of wealth - name one way traditional industries were negatively affected by prosperity.
Give an example.
Prices went down so businesses were forced to move to the North.
Synthetic fibre industries.
Unequal distribution of wealth - what industries suffered during prosperity? (3)
Coal mining
Ship-building
Shoe and leather manufacturing
Unequal distribution of wealth - explain income distribution across America.
North East - $921
South East- $365
Farmers in South Carolina - $129
Unequal distribution of wealth - what % of families earned an annual income of less than $2000?
60%
Unequal distribution of wealth - 60% of Americans had an annual income of less than what?
$2,000
Farmers - what did a huge decrease in demand lead to?
Explain how.
Overproduction & devastating drop in prices.
Farmers - huge decrease in demand led to overproduction and a devastating drop in prices.
List the reasons why.
(6)
End of WW1 Prohibition Production of synthetic fibres Modern machinery High foreign tariffs Republican policy
Farmers - huge decrease in demand led to overproduction and a devastating drop in prices.
List the reasons why.
(6)
End of WW1 Prohibition Production of synthetic fibres Modern machinery High foreign tariffs Republican policy
Farmers - name 3 ways farmers were negatively affected by prosperity.
Production slowed due to lack of customer interaction because of changing diets.
Prohibition decreased demand - 13 mill of acres lost to machines & $2.50 per bushell became $1.
Loss of foreign market (Fordney-McCumber Act).
Farmers - name 3 ways farmers were negatively affected by prosperity.
Production slowed due to lack of customer interaction.
Prohibition decreased demand.
Loss of foreign market.
Farmers - one of the ways farmers were negatively affected by prosperity was a slow down in production because of less customer interaction.
Why?
Better diets.
Farmers - one of the ways farmers were negatively affected by prosperity was because prohibition decreased demand.
Give evidence.
13 million acres lost to machines and $2.50 per bushell became $1.
Farmers - one of the ways farmers were negatively affected by prosperity was because of a loss of foreign market.
Why?
Fordney-McCumber Act