The American Dream Flashcards
Economic Boom
A rapid growth in various sectors
In what decade did the US experience an economic Boom?
1920s
Tariffs
A tax put on products from abroad
Credit
Paying for consumer goods in installments
How did WW1 contribute to the economic boom?
US earned money by selling food, weaponry and fuel to allied powers and avoided the worst of the war
How did tariff taxes contribute to the economic boom?
Lead to a golden age of manufacturing and used tariffs to lower taxes on local businesses
Why did average annual wages rise from 1919 to 1927?
As cars were made, employment was available for skilled craftsmen and industry became bigger so more employment
Name 3 reasons the 1920s were difficult for US farmers
Prohibition lead to a 90 percent fall in demand for barley, 25 percent decline in demand for wheat, fewer overseas markets
How many people became millionaires in the US from 1914 to 1928?
28000
Prohibition
The banning of the manufacture, transportation and sale of all alcohol
When was prohibition introduced?
1920
Name 3 reasons prohibition was introduced
Germanophobia after war and breweries run by german immigrants, much alcohol was seen to come from Russia, infants were smothered in bed by drunken parents
When was prohibition officially ended?
5th December 1933
Why were immigrants discriminated against in the US?
Seen to hold dangerous political views after WW1
Were women given more freedom in the US in the 1920s?
Yes
