pages 4-5 of USA deck Flashcards

1
Q

When did the USA join WW1?

A

1917

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2
Q

What did the USA gain from joining then?

A

Lost fewer resources

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3
Q

During the war what did the USA do to the allies and what was this called?

A

Lent them money and sold them goods. This was one way trade.

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4
Q

What did the USA take over during the war, why?

A

Took over trade around the world as Britain, France and Germany were too busy fighting.

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5
Q

What did the USA take over from Germany?

A

Their chemical industry

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6
Q

When was the first assembly line set up and who by?

A

1913 by Henry Ford

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7
Q

In 1900 how many cars were made?

A

4000

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8
Q

How many cars were being made in 1929?

A

4.8 million

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9
Q

What was the first mass produced car called?

A

Ford Model T

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10
Q

In 1919 how many cars were in the USA?

A

9 million

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11
Q

How many cars were there in the USA in 1929? (in total)

A

26 million

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12
Q

What % of glass went to car manufactory?

A

75%

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13
Q

What other consumer goods became cheaper due to assembly lines?

A

Radios, vacuum cleaners & washing machines.

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14
Q

In the 1920’s how much did industrial production increase by?

A

50%

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15
Q

What were the 3 main types of adverts used?

A

poster, radio and billboard adverts

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16
Q

What is the estimate for how much money was spent on advertising?

A

$3 billion per year

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17
Q

What is hire purchase?

A

Buy now, pay later

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18
Q

How many radios were bought on credit?

A

8 / 10 radios were bought on credit.

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19
Q

How many cars were bought on credit?

A

6 / 10 cars were bought on credit.

20
Q

What was the 1st Mail order catalogue called?

A

Sears Roebuck

21
Q

What are the 5 Republican policies which impacted the boom?

A
Low taxation
Import tariffs
Laissez Faire
Trusts
Normalcy
22
Q

Why was low taxation a good thing?

A

Helped people by giving them more cash to spend.

23
Q

What are import tariffs and what was the impact of them?

A

Put tax on foreign goods which made them more expensive so people bought cheaper American goods.

24
Q

What is an example of an import tariff?

A

Fordney McCumber Tariff Act

25
Q

When was the Fordney McCumber Tariff Act introduced?

A

1922

26
Q

What is Laissez Faire and what was the impact of this?

A

Laisez Faire (leave well alone) meant that the government stayed out of business affairs allowing industry to grow without interference.

27
Q

What are trusts?

A

Trusts were huge super corporations dominated by businessmen who made decisions to help their industry grow.

28
Q

Who are 2 businessmen that dominated trusts?

A

Rockefeller and Carnegie

29
Q

How did normalacy benefit the boom?

A

Normalcy kept the USA out of world politics and problems

30
Q

What was the American state of mind?

A

Spending is good, saving is bad

31
Q

What was Herbert Hoover’s quote on the boom?

A

“A chicken in every pot and a car in every garage”

Herbert Hoover

32
Q

What did America have an abundance of?

A

The 3 raw materials (coal, oil and wood)

33
Q

How could the USA save money?

A

One way trade - only exporting, no importing.

34
Q

Where were the best paid workers found?

A

In factories

35
Q

What was steam replaced by?

A

Electricity
oil
combustion engines

36
Q

What were the 2 downsides of working in a factory?

A

Bad working conditions

Unions forbidden.

37
Q

With the assembly lines how long did it take to build a car?

A

1.5 hours compared to a few weeks before assembly lines (when cars were built by skilled workers)

38
Q

Why were workers attracted to work in the Ford Model T factory?

A

Earned $5 per day (double most other jobs)

39
Q

How much did Detroit grow due to the car industry?

A

4 times as big.

40
Q

In the River Rouge factory how many model T’s were built daily?

A

2500 per day

41
Q

How many people worked at the River Rouge factory?

A

80 000

42
Q

What % of the workers at River Rouge were immigrants?

A

70%

43
Q

What encouraged River Rouge workers to buy a car?

A

Company Saving schemes

44
Q

IN 1924 how many Model T Fords were there?

A

10 million

45
Q

How many American’s owned a car? How long did it take for Britain to catch up?

A

1:5 American owned a car. It took 40 years for Britain to catch up.

46
Q

By the end of a decade of the Model T Ford being produced, how many cars were there and how many of these were Model T’s?

A

29 million cars, 50% of these were Model T’s.