USA --> Industries in the 1920s: Prosperous and Struggling Flashcards
Which industries prospered in the 1920s? Why?
Industries that flourished:
1 technology
2 advertisement
3 entertainment,
4 metals
5 automobiles
Mechanization, mass production, and mass advertising contributed to their success
How did mechanization and mass production contribute to the success of certain industries?
Mechanization: made mass production easier in technology, advertisement, entertainment, metals, and automobiles.
Mass advertising and low prices due to mass production led to high demand for products in these industries.
How did old industries like metal benefit from the economic boom?
Old industries like metal thrived due to increased demand resulting from the expansion of the automobile industry, which was pioneered by the assembly line.
Which industries did not prosper in the 1920s?
Agriculture
Coal
Textiles
Factory work
What contributed to high unemployment rates in the 1920s?
The end of World War I left millions of troops without jobs.
Decreased production rates and exports reduced the need for workers, leading to high unemployment.
How did the development of new technology impact employment?
The development of new technology, including mass production and the assembly line, led to unemployment as the need for workers decreased
How did the introduction of synthetic materials impact traditional industries?
The popularity of synthetic materials like nylon reduced the demand for natural materials like cotton and wool
Industries producing these natural materials went into crisis due to decreasing demand
How did the development of electricity impact the coal industry?
It reduced the demand for coal, as it was a cheaper option. This shift led to the decline of the coal industry in favor of electricity.
Why did agriculture not share in the prosperity of the 1920s?
Agriculture faced challenges such as overproduction, technological unemployment, and the rise of synthetic materials, leading to a decline in the number of farms and financial struggles for small farmers.
What contributed to the struggles in agriculture, specifically regarding crops?
Overproduction in agriculture occurred after World War I when surplus crops, originally in high demand during the war, became excessive. This led to collapsed grain prices and financial difficulties for farmers.
How did technology, particularly mechanization, impact agriculture in the 1920s?
Farm laborers were laid off and replaced by machinery, making farming more efficient. However, overproduction combined with low demand resulted in financial losses for many farmers.
