US history - consumerism, entertainment, industrialisation and tensions - rose + William Flashcards
Due to growing industrialisation, (the assembly line) increased ______, decreasing the time to produce a car from ______
Industrialisation also _____ supply, decreasing the cost of production of____
In 1920 there were ____(no.) cars
In 1929 there were ____(no.) cars
Notably, some cars were purchased using ____
Also the manufacturing of the automobile was the ______ in the USA
The automobile industry employed _____ of all manufacturing employees by 1929
industrial efficiency.
12.5 hrs in 1913 to 1.5 hrs in 1920
increased
the Ford Model T from $850 in 1908, to $500 in 1914 to $290 by 1925 making car ownership a real possibility for a large share of the population. Soon, people could buy used Model Ts for as little as five dollars, allowing students and others with low incomes to enjoy the freedom and mobility of car ownership
8 million cars (1920)
23 million (1929)
credit
biggest
10%
_____________________________________________
Extra
1908 - Established the moving assembly line
Increased production: reduced manufacture of automobiles from 6 to 2hrs.
1919 - Less than 7 million cars
1929 - 23 million cars
Key car companies: Ford, General motors, Chrysler → mass production techniques with increasing returns to scale.
How many Ford Model T’s were there in 1920?
1.25 million in 1920
How did the growth of the automobile industry create tensions?
The automobile industry created tensions between regional and city travelers where poorer communities resided in cities unable to afford to move out and day trips for the middle class.
How did the growth of the automobile influence the way products are sold?
The mass movement of individuals by automobiles shifted the marketing of industries who wanted to capitalise on the new movement of people in the form of billboards.
How did the automobile establish markets dependent on its success?
The autombile established new industries to support the car or at the very least reinforced existing markets. This includes the petroleum, rubber and steel works companies.
The automobile industry consumed 90% of petroleum products (mostly gasoline), 80% of rubber, 20% of steel, 75% of plate glass and 25% of machince tools in America.
Therefore, the automobile fueled job growth in the automobile sector.
How did mas consumerism influence markets?
High supply for the unprecedentedly high levels of demand (mass market) in the beginning of the 1920s.
How much was sold on credit by 1929.
1929, almost $7 billion worth of goods were sold on credit – this included 70% of cars and 50% of major
household appliances.
$7 billion worth of goods, including half of all major appliances being sold using credit. –> reliance on credit contributed to banks going bankrupt during the 1929 financial crisis.
products due to mass production?
Luxury goods became more common – in 1900, 12,000 pairs of silk stockings were sold; in 1930, 300 million. By 1930, soap as a grocery item was second only to bread.
What were the new electrical goods in the 1920s and how many were there?
the expansion of industry?
New products included: vacuum cleaners, dishwashers, washing machines, refrigerators
160 million electrical appliances in 1929 up from 2.4 million in 1912
However it is to be noted that much of rural America was still without electricity in the 1920’s. In 1928, there were only 20 000 refrigerators in the whole country
_______________________________________________________
Extra
By 1925 - the moving assembly line was key to the expansion of industrial production of goods across a range of industries. Home appliances, telephones, radios, cigarettes, etc → gave rise to new industries and expanded existing ones, contributing to the national prosperity.
Social and technological changes
1920 → 35% homes with electric lighting
1934 → 50% homes with electric lighting
1910 → 1 telephone/14.5 people
1920 → 1 telephone/8.5 people
The Ford Model T had dropped from its original price of _____ down to ____ by _____
$950 down to $290 by 1926.
What was the impact of the industrialisation of automobile production on employment, consumer culture and the economy?
An ideology of mass consumption grew, eg. mass production and consumption of cars
1920 - 8 million cars in America
1930 - 23 million.
The car industry contributed 13% of US manufacturing production and the jobs of over 4 million people depended on it.
When consumers could no longer consume and consumption of cars decreased, this had a knock on effect on the economy.
How many chain stores were there in 1918 to 1929.
29,000 units in 1918
160,000 in 1929
An increase of _____ to disposable income from _____ to ______
50%
1922 to 1928,
many Americans had the time, money and confidence to
acquire an array of new goods and services.
mass consumerism encouraged companies and businesses to produce____
Consequently, companies___________
more goods and services
grew and began to place
shares of their business on the stock market, setting the stage for the financial collapse of 1929.
One of the main products that became part of consumerism was the____ which _____
automobile
tripled in production in 1920s to 4.8 million per year