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History - USA > General (T1) > Flashcards

General (T1) Flashcards

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1
Q

What approach did the gov. in the 1920s have towards the economy?

A

Laissez-faire

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2
Q

Who mainly benefitted from the boom?

A

WASPs - mainly men

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3
Q

Who were WASPs?

A

White Anglo-Saxon Protestants

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4
Q

Which political party were the 1920s Presidents a part of?

A

Republicans

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5
Q

What is meant by the term ‘economic boom’?

A

A time when the economy of a country is growing and making more money.

The majority of the population are richer and the country is trading well with other countries

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6
Q

What is the stock market?

A

The platform on which stocks and shares of companies are bought and sold.

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7
Q

What is the difference between the Bull Market and the Bull Pool?

A

The Bull Market is when there is lots of confidence and lots of buying and selling on the stock market.

The Bull Pool is when dishonest brokers buy and sell stock to and from each other to keep prices high.

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8
Q

What evidence is there of prosperity in 1920s America?

A
  1. Unemployment never rose above 3.7%
  2. Real wages rose by 14% between 1914-1929
  3. Production of industrial goods rose by 50%
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9
Q

What is Hire Purchase and By 1929, what % of cars were bought through it?

A

75%

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10
Q

How did income distribution vary across America? Give precise examples

A

NE - $921
SE - $365
For farmers in South Carolina it was $129
60% of Americans earned an annual income of less than $2000

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11
Q

What was the stability of employment like in 1929?

A

Fluctuating employment 4 million unemployed during this period
For every 4 successful businesses, 3 failed

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12
Q

How did the population of America change during the 1920s?

A

106.5 million up to 123 million

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13
Q

Nov 1918

A

The armistice is signed at the end of WW1

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14
Q

Jan 1919

A

Eighteenth Amendment - introduction of Prohibition

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15
Q

Jan - May 1920

A

The Red Scare and the Palmer Raids

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16
Q

What happened in Aug 1920

A

Nineteenth Amendment - women could vote in Federal elections

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17
Q

What was the roads act passed in 1921 called?

A

The Federal Highways Act

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18
Q

What was the childcare act that was passed in 1921?

A

Sheppard Towner Act

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19
Q

Sept 1922

A

Fordney-McCumber Act

20
Q

What act was passed in 1923?

A

Agricultural Credits Act

21
Q

1924

A

By this year, Ford Motors controlled 50% of the automobile industry

22
Q

May 1924

A

Johnson-

Reed Immigration Act

23
Q

Dec 1925

A

The New Negro anthology published

24
Q

Sept 1926

A

End of the Florida Land Boom

25
Q

Oct 1926

A

The Sun Also Rises by Ernst Hemingway published

26
Q

Aug 1927

A

Execution of Sacco and Vanzetti

27
Q

May 1927

A

Charles Lindbergh’s first solo flight across the Atlantic

28
Q

Oct 1929

A

Wall St Crash

29
Q

Who was president 1913 - 1921?

A

Woodrow Wilson, Democrat President

30
Q

Who was president and Vice president 1921 - 1923?

A

Warren G. Harding, VP Calvin Coolidge

31
Q

Who was president and Vice president 1923 - 1929?

A

Calvin Coolidge, VP Charles Dawes

32
Q

Who was president and Vice president 1929 - 1933?

A

Herbert Hoover, VP Charles Curtis

33
Q

Who was Andrew Mellon?

A

Secretary of the Treasury (in charge of economic policy) 1921 - 1932

34
Q

What was The Federal Highways Act?

A

This gave the government the responsibility for the building of roads. 10,000 miles of roads were to be built each year.

35
Q

Why were Sacco and Vanzetti executed?

A

They were two Italian immigrants who were accused of an armed robbery. They were arrested while they were carrying guns and also claimed to be anarchists- but this evidence was questionable.
Sheppard Towner Act.

36
Q

Sheppard Towner Act

A

This gave federal funding to maternity and childcare services. This was not fully supported as some believed it reinforced the view that women were only meant to have children and give birth.
The Wall Street Crash

37
Q

The Wall Street Crash

A

The prices of business stocks and shares plummeted and millions of dollars were lost. It led to a huge slow down in the economy. It is not a cause of the depression but a symptom of the economic problems already present.
Johnson Reed Immigration Act

38
Q

Johnson Reed Immigration Act

A

This put a cap on immigration at 150,000 migrants per year, this would be divided between different countries of origin dependent on the size of the group already there. It also banned all immigration from Japan.

39
Q

What is the difference between the Bull Market and the Bull Pool?

A

The Bull Market is when there is lots of confidence and lots of buying and selling on the stock market.

The Bull Pool is when dishonest brokers buy and sell stock to and from each other to keep prices high.

40
Q

What is credit?

A

the ability of a customer to get goods before payment, based on the trust that payment will be made in the future.

41
Q

What evidence is there of prosperity in 1920s America?

A
  1. Unemployment never rose above 3.7%
  2. Real wages rose by 14% between 1914-1929
  3. Production of industrial goods rose by 50%
42
Q

How did income distribution vary across America? Give precise examples

A

NE - $921
SE - $365
For farmers in South Carolina it was $129

60% of Americans earned an annual income of less than $2000

43
Q

What was the stability of employment like in 1929?

A

Fluctuating employment 4 million unemployed during this period
For every 4 successful businesses, 3 failed

44
Q

How did the population of America change during the 1920s?

A

106.5 million up to 123 million

45
Q

What is credit?

A

the ability of a customer to get goods before payment, based on the trust that payment will be made in the future.

History - USA (37 decks)

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