The boom of the 1920s Flashcards
New industries:
Cars, chemicals, electricity, electrical products
American GNP (Gross national production)……………
Company profits………
Dividends………..
…….rose by 50% in the 1920s
…….rose by 60% in the 1920s
…….rose by 65% in the 1920s
Car production rose from 9 million to………….
Radio production rose from 60,000 to………
Off the rack fashion meant clothes sales…………
……….26 million a year
………..10 million a year
………..rose by over 400% in the 1920s
Unemployment fell from over 10% in 1921 to…….
Average earnings of workers………
………….3% by 1929
………….rose by 10%
Laissez faire
Businessmen know how to run businesses better than politicians. The government shouldn’t interfere with the economy. This was a popular guideline adopted By Republican presidents
Rugged individualism
Americans should look out for themselves and not expect handouts. They are responsible for themselves
New materials
Rayon - the first synthetic fibre
Bakelite - the first synthetic plastic
New technologies
Conveyor belts enable mass production
Concrete mixers allow more concrete to be used in buildings
Automatic switchboards revolutionize industry and business
Natural resources
Rich farmlands (great plains) and ranch lands
Timber from Washington and Oregon forests
Coal and iron mining
Copper mining in the rocky mountains
Oil drilling in Texas and California
New methods
Mass production divided manufacturing into simple tasks, Ford was the leading company of this (what made the model T so affordable)
Mass marketing meant advertising grew hugely and therefore so do sales
Hire purchase allowed people to buy things they couldn’t afford
The first ever ‘talkie’
Made in 1922 and is called ‘The Jazz singer’
40% of US homes had……….
radio by 1930
How many people visited the cinema each week in 1929
110 million
How many people move during the Harlem Renaissance
200,000 blacks
Entertainment - Boxing
In 1926 145,000 people watched a boxing match between Jack Dempsey and Gene Tunney
