pages 4-5 of USA deck Flashcards
When did the USA join WW1?
1917
What did the USA gain from joining then?
Lost fewer resources
During the war what did the USA do to the allies and what was this called?
Lent them money and sold them goods. This was one way trade.
What did the USA take over during the war, why?
Took over trade around the world as Britain, France and Germany were too busy fighting.
What did the USA take over from Germany?
Their chemical industry
When was the first assembly line set up and who by?
1913 by Henry Ford
In 1900 how many cars were made?
4000
How many cars were being made in 1929?
4.8 million
What was the first mass produced car called?
Ford Model T
In 1919 how many cars were in the USA?
9 million
How many cars were there in the USA in 1929? (in total)
26 million
What % of glass went to car manufactory?
75%
What other consumer goods became cheaper due to assembly lines?
Radios, vacuum cleaners & washing machines.
In the 1920’s how much did industrial production increase by?
50%
What were the 3 main types of adverts used?
poster, radio and billboard adverts
What is the estimate for how much money was spent on advertising?
$3 billion per year
What is hire purchase?
Buy now, pay later
How many radios were bought on credit?
8 / 10 radios were bought on credit.
How many cars were bought on credit?
6 / 10 cars were bought on credit.
What was the 1st Mail order catalogue called?
Sears Roebuck
What are the 5 Republican policies which impacted the boom?
Low taxation Import tariffs Laissez Faire Trusts Normalcy
Why was low taxation a good thing?
Helped people by giving them more cash to spend.
What are import tariffs and what was the impact of them?
Put tax on foreign goods which made them more expensive so people bought cheaper American goods.
What is an example of an import tariff?
Fordney McCumber Tariff Act
