the boom Flashcards
1
Q
Why was there an economic boom in the 1920s?
A
- impact of ww1
- technological innovation
- consumerism
2
Q
how did the impact of ww1 help the US grow?
A
americas economy grew during and after the war they had very low wartime debt
americas banks loaned money to the counries allies.
3
Q
how did technoligcal innovaion help the US grow?
A
improved quality of life e.g radios and eletricity
made peoples life easier
4
Q
how did consumerism help the US grow?
A
people started advertising
people could also buy now pay later on things only rich people would be able to buy
5
Q
Why was Henry Ford so important?
A
made having a car practical and affordable.
6
Q
why did the car industry become so imporant?
A
- led to expansion of cities
-gave people more freedom - it helped other industies grow (e.gpetrol)
- encouraged construction industry (e.g hotels/restarunts)
7
Q
Why didn’t everyone benefit from the boom?
A
Workers in declining industries, such as coal and textilese and famers as there wages were dropping.
8
Q
A
