ignore - Chapter 3 - 4. problems in the economy - groups Flashcards
overarching factors that challenged the assumption of economic prosperity
- uneven distribution of wealth
- rural poverty
- the instability of ‘got-rich-quick’schemes
- problems with the banking system
- the cycle of international debt
What were key issues of uneven distribution of wealth in America
Wealth was unevenly distributed with some regions more prosperous than others as well as within different sectors of society including: women, ethnic groups(such as native and African Americans) who did not share in the prosperity
Key facts about the distribution of income for workers in the Northern and far western cities compared to those in the south east
per capita incomes
North East - $921
Far West - $881
South East - $365
South Carolina:
Farmers in the south East per capita incomes compared to non-agriculture workers in the state
non-agriculture regions
- $412
Farmers
- $129
The study of Muncie, Indiana, identified as ‘middletown’ made what verdict about the town? - 1924
out of a sample of 100 families, 75% earned less than the amount the federal Bureau of Labor recommended as the minimum income needed to support an acceptable standard of living.
stats about employment with regards to women in the US?
Women did not enjoy improved career opportunities
1930 - 150 women dentists and fewer tha 100 female accountants in the whole of the USA
1928 - League of Women Voters reported that while 145 women held seats in state lefislatures, there were only 2 women among the 435 delegates in the House of Representatives.
Women tended to remain in comparatively low-paid and often menial jobs; 700 000 women were domestic servants. There were few female industrialists or managing directors.
Gender pay gap between men and women
Expectation for women to concentrate on domestic duties and marriage
“It is largely a muth that the 1920s saw more opportunities for women to get to the top in terms of employment opportunities”.
women nontheless under the pressure of work to support their families when their husbands lost their jobs or abandoned their families in search of work after the Depression