The Roaring 20s Flashcards
Why was there a ‘boom’ during the 1920s?
- WW1: didn’t join until 1917 = very little war costs
- republican policies: low taxes, isolationism, laissez-faire, Fordney McCumber tariff act
- mass production
- effective advertisement: hire purchase, mail order, billboards, radios etc.
How much of the world’s goods was America making during the 1920s?
50%
How did the proportion of homes with electricity change?
- 1916: 15%
↳1927: 70%
When and where was Ford founded?
1903
Detroit, Michigan
What did Henry Ford do?
- popularised the assembly line
↳ led to mass production - made the Model T Ford/Tin Lizzie
How large did Ford’s factory become?
the largest in the world.
How did the price of the Model T change?
1911: $800
↳1928: $295
Why was the Model T so easy to make and cheap?
- only one engine size
- no back windows
- only one colour
What is an economic boom?
a period in a country’s history where businesses were doing well, sales and wages were high, and unemployment was low.
How many cars were on the road by 1926 and how many were Ford cars?
- 20 million
↳ 1/2 were Ford
What was the effect of the car industry on other industries? What percent of steel and leather did it use?
- made road build ing the biggest industry
- for every 1 worker in the car industry, there was 10 elsewhere
- the car industry used 20% of American steel, 65% leather etc.
Why did farmers not benefit from the boom?
- overproduction meant that they had a low income
↳ due to mechanisation - they couldn’t afford to pay back loans taken out to buy machinery
How many farmers lost their farms in 1924?
600,000
What did farmers have to do when they lost their jobs and what were they known as?
- they had to wander around for jobs
↳ hobos
How did traditional industries (give examples) not benefit from the boom?
- cotton, wool, coal etc.
- instead of coal, other fuels were being used, such as electricity
- instead of cotton wool, cheaper, synthetic fibres were being used
↳ such as rayon & nylon
Why did African Americans not benefit from the boom?
- most worked as sharecroppers
↳ farming industry was already suffering - segregation meant that they had a poorer quality of life
- the KKK threatened anyone who tried to improve their civil rights & them
How many AA left southern states to go to northern states?
- nearly 2 million
↳ out of 12 million