Innovations and Inventions

Question 1

What new invention were created in the 1920s?

Answer 1

• Dial phones

- New synthetic materials such as rayon and nylon

Question 2

What type of building had a surge of popularity and now had become common place? Give an example.

Answer 2

Skyscrapers

One of the most prominent was General Motors building erected in 1920.

Question 3

What new consumer goods had popularised?

Answer 3

❖Vacuum cleaners.
❖Radios.
❖Hair dryers.
❖Refrigerators.
❖Gramophones.

Question 4

What new method of buying was introduced and popularised as it made goods affordable through instalments?

Answer 4

Hire-purchase

Question 5

What is ‘buying-on-the-margin’?

Answer 5

Buying on the margin’ was when the banks gave people credit to use to buy shares with just a 10% deposit, known as ‘the margin’. They were expected to pay this back when they had sold their shares at a profit, pocketing the rest of the money themselves.