The changing quality of life 1917-80 Flashcards
How many people worked in the automotive industry in 1929?
Around 450,000, 7% of all manufacturing wage earners
Which car company produced the Model T?
Ford
By December 1932, how many unemployed were there?
12 million, about 25% of the workforce
What did Roosevelt do in 1937 that caused the US economy to nosedive again?
He cut government spending (to try and balance the difference between what the government spent vs. what it received e.g. from taxes)
Did the USA benefit, economically, from the outbreak of WWII?
Yes, as the US was now able to get into markets previously dominated by European manufacturers
Did the USA benefit, economically, from WWII? If so, how?
Yes, by the end of WWII it was the world’s richest nation. Unemployment was down to 1.2%, the income of farmers more than doubled, during the war the USA produced 100,000 tanks, 300,000 aircraft and 93,000 ships.
What were the industries that saw the greatest growth after WWII? (From a list of 11)
Advertising, aviation, cars, chemicals, construction, defence, electronics, food processing, pharmaceuticals, soft drinks and tobacco
Who were the Big Three motor manufacturers in the 1950s?
Ford, General Motors and Chrysler. In 1955 they made nearly 8 million cars
What percentage of the world’s manufacturing output came from the USA by 1945?
50%
What was the population of the USA in 1945?
Around 140 million (7% of the world’s population)
