Technological Advancements (1900-1930) Flashcards
What did the development of electricity supply energy for?
Stimulated electricity for companies that manufactured electrical goods. For instance, refrigerators, vacuum cleaners and radios
What did the production of the conveyor belt lead to?
This led to increased mass industrial production and productivity
What did this boost?
Not only did this boost the economy by creating jobs but it also generated profits as production was quicker, easier and faster
What contributed to the increase in public expenditure?
This contributed to increase public expenditure electrical goods and increased the influx of capital capital in the US economy
Name some other key developments
Other innovations included development of cement mixers and new materials
What did the development of cement mixers means?
This led to many builders being employed to construct skyscrapers