Impact Of The 1920s Boom On Groups Flashcards
How did industrialists benefit the boom
They controlled business through laissez faire and amassed vast fortunes
How did share holders benefit the boom
Their investments grew as the companies grew so they received money
How did shop owners benefit the boom
They sold more goods and made more profit
How did the rich and middle class benefit the boom
They could spend money on all the latest consumer goods
Boom on immigrants
Had jobs and hope
Unskilled workers
Could get a job operating on factory machines
Workers in consumer industries
Low taxation gave them more money to spend
Factory owners
Use assembly lines to mass produce goods = lots of money
Women
Could earn their own money, no longer had to rely on their husbands
How much did women employment rise by. And by 1929 how many working women
Rose by 25%
1929- 10.6 working women
How were younger urban womens lives affected
They wore make-up, by 1929 divorce rate doubled from 1914, increased electrical goods meant less work for women in the home
How did farmers not benefit the boom
1919-1928 farm income dropped for $22 to $13 billion.
In 1920 a bushel of wheat was worth $233 I’m 1931 is was $32.
High efficient wheaf farms in Canada produced cheaper goods, usa couldnt compete
How did blacks and immigrants not benefit the boom
Last to be hired first to be fired
1 million black farm workers last jobs in 1920
Only 3% of semi skilled owned a car
