roaring 20s Flashcards
mass production
production of goods in large numbers
model T
henry ford,
mass production,
car,
came in black
assembly line
arrangement of equipment and workers in which work passes from operation to operation in direct line until the product is assembled
consumer revolution
flood of new, affordable goods in the decades after WW1
installment buying
method of purchase in which buyer makes a small down payment and then pays off the rest of the debt in regular monthly payments
bull market
period of rising stock prices
bear market
period of falling stock prices
buying on margin
system of buying stocks in which a buyer pays a small percentage of the purchase price while the broker advances the rest
inflation
rise or prices
creditor nation
country in which is owed more money by other countries then it owes counties
teapot dome scandal
albert fall rented out oil fields and and sold oil then took in all the money
ended with 1 year in jail
washington naval disbarment conference
smaller navies
might not give reason to have wars breakout
kellogg-briand pact
making war illegal
reparations
payments needed after war
dawes plan
us private banks > loans to germany
germany uses money to pay reperations
money then used to pay back loans
modernism
artistic and literacy movement sparked by a break with past conventions
fundamentalism
movement or attitude stressing strict and literal adherence to a set of basic principles
scopes trial
1925 trial of a tennesse school teacher for teaching darwin’s theory of evolution
monkey trial
quota system
arrangement that limited the number of immigrants who could enter the u.s. from specific countries
warren g harding
president
had the poker cabinet
many scandals
reduced spending
calvin coolidge
president
silent cal
cut taxes
fired most of the cabinet
unemployment went down
average income went up
andrew mellon
sec of treasury
herbert hoover
president
easy time winning
continued with previous president plans
henry ford
mass production
model T
scientific management
assembly line