Factors behind the boom: new industries, new methods Flashcards
What was developed during the 1920s?
New methods of production
What was the USA able to exploit?
Its vast natural resources
What did the USA uses its natural resources to produce?
- Steel
- Chemicals
- Glass
- Machinery
What was industry mostly powered by before the First World War?
Coal
During the 1920s, what replaced coal in powering industry?
Electricity
In 1918, how many homes had electricity?
Very few
By 1929, how many homes had electricity?
Almost all URBAN homes had it
What did new products did industries start producing?
Consumer goods:
- telephones
- radios
- vacuum cleaners
- washing machines
Why did new consumer goods become more available to average Americans?
New mass production methods were developed meaning good could be produced more cheaply.
(And therefore sold more cheaply.)
What were mass production ideas originally based on?
The line production methods of a Chicago slaughterhouse
Who pioneered mass production in industry?
Henry Ford in the assembly of his Ford cars
Was mass production just applied to cars?
No - it was used to manufacture many items such as radios and cigarette lighters
In short, what did mass production lead to?
A fall in prices
How many radios were there in the USA in 1920?
60,000
How many radios were there in the USA by 1929?
10 million
