The Boom Flashcards
What five things cause the Boom?
WW1 Hire Purchase Mass Production Advertising Shares
How did the First World War help the Boom?
Some US firms made huge profits selling weapons
The USA made huge loans to Britain and France for weapons
US manufacturers did well, as there was little foreign competition due to them being more concerned about fighting
How did Hire purchase help the Boom?
‘By now, pay later’ was a form of credit
8/10 radios and 6/10 cars were brought on credit
Posters, radios, travelling salesmen advertising
How did Mass production help the Boom?
Henry Ford was the first to use this
People and machines worked in an assembly line
Created more jobs
Made things cheaper and quicker
More affordable products like phones, radios and washing machines
When was the Boom?
In the 1920s
How did advertising help the Boom?
Mail order catalogues, posters and cinema adverts urged buying
People were more aware of products so demands went up
WW1 propaganda skills were used to set up agencies
How did Shares help the Boom?
To start companies shares were sold to the public for a small fee, the companies made profit and share prices increased
Boosted investment in industry
How many radios were brought on credit during the Boom?
8/10
Who was the first to use a production line?
Henry Ford
How many cars were brought on credit during the Boom?
6/10
How did the Boom help women’s employment?
Women’s employment became more ‘normal’ and they were given more rights, but were still seen as inferior
How did housewives benefit from the Boom?
They had more rights and freedom and new inventions like vacuum cleaners and fridge freezers made it easier
Who didn’t benefit from the Boom and why?
The native Americans were moved to reservations where they were run down and had social problems.
How did business men benefit from the Boom?
They could expand their businesses which earned them more money to buy luxuries
Did factory workers benefit or not from the Boom and why?
No, they didn’t have many rights and Trade Unions didn’t have power so workers hours could be lengthened and their pay reduced
