The Boom-General Knowledge/timeline Flashcards
What improved the quality of life during the start of the boom?
Entertainment industries such as sport, music and film
What happened August 18th 1820 that improved women’s rights
The right to vote
What did the laissez-faire approach do to the wealth gap
Increased it - Rich got richer
Why was it more difficult for minorities to prosper at the start of the boom
They faced economic barriers
More difficult to get jobs and loans
What policy did employer have towards black people
Last hired, first fired
What was the worst affected industry and why
Agriculture- fall in crop prices. Less crops sold globally because countries put tarrifs on imports.
How did migration affect the music industry
Black influences in music-jazz
What was the Harlem renaissance
The name given to the new opportunities that black people gained through the ENTERTAINMENT industry
How many households had radios in 1920 and 1929
1920 1 million
1829 12 million
Give 4 reasons for the growth of US economy
WW1
Republican government policies
Technological innovation
Consumerism
Explain how WW1 benefited the economy
America was not badly affected by the war(only fought last two years)
Lend lease
Little wartime debt
Loaned money to struggling allies
After the war women were given the chance to work “men’s” jobs
Explain how republican government benefited the economy
Prioritised growth
Fordney-McCumber tarrif put hight tax on imports so American businesses bought local
Low business tax
Low income tax
How did technological innovation benefit the US economy
By 1927 63% of homes had electricity
Replaced older energy sources.
This increased the purchase of electrical goods
How did consumerism benefit the US economy
the public prospered and bought Luxury goods
Advertising was effective
Buy now pay later schemes
