USA Flashcards
What is Laissez-faire
Government does not interfere in every day lives and business (businesses free to make lots of money.
Name three Republican policies
Low taxes people have more money.
Tariffs on imported goods making American goods cheaper.
Laissez faire - government does not interfere with businesses.
What was the name of the tariff introduced in 1922?
Fordney Mccumber Tariff
Tax/tariff on all foreign made goods.
What was mass production?
New techniques meant that goods could be produced more cheaply and on a larger scale.
How were factories built?
Large factories were built with assembly lines and conveyor belts. Each person had their own job to do.
Name an industry that used mass production.
The American car industry.
What impact did the car industry have in America?
When was the Ford Motor Company founded?
1903
What year was the first moving production line introduced?
1913
How many people were employed in the motor industry in America?
Over 4 million people
What other industries were boosted by the car industry. Name three.
Glass
Leather
Steel
Rubber
Road building
What other industries grew due to the motor industry?
Petrol stations, motels, roadside cafes and holiday resorts.
This is because people could live in the suburbs and drive to work.
What was hire purchase
People who didn’t have the money to buy products could ‘buy now and pay later’. Low interest rates
What industries suffered?
Farming
Coal mining
Cotton and wool
Which war did the USA benefit from and why?
WW1. USA leant money to Allies
Sold raw materials and weapons.
