History Flashcards
1
Q
Lassez faire
A
Government policy of interfering as little as possible
2
Q
Speculation
A
Buying shares on the stock market
3
Q
Assembly line
A
Line of workers and machines in a factory assembly product
4
Q
Mass production
A
Manufacture of goods on a large scale
5
Q
Consumer goods
A
Manufactured goods available to buy the majority of ordinary people e.g vacuum cleaners
6
Q
1913
A
Henry T Ford pioneered the assembly line
7
Q
1914
A
Mass production saw items decrease and become available e.g car 1914 $850 to 1926 $295
8
Q
1917
A
USA entered ww1
9
Q
1921
A
5 million men unemployed
10
Q
1922
A
Recovery of economy
11
Q
1923-1929
A
President Calvin Coolidge
12
Q
1925
A
Half the world cars were model t’s
13
Q
1929-1933
A
President Herbert Hoover
14
Q
1929
A
Most us cities have electricity
15
Q
1910 economy
A
Good raw materials , coal, iron, oil
Cheap labour=immigrants
