USA - Roaring Twenties Flashcards
Why was there an increase in demand for American goods in Europe during WW1
European countries were fighting in WW1, meaning they did not have time to grow food and produce goods. America on the other hand did not participate in the war till 1917. This meant that American industries supplies were high in demand, since they were providing these good for Europe.
By how much steel produced did America increase from 1910 - 1920
26.1 million tonnes - 42.1 million tonnes
How much of the world’s wheat had America supplied when Europe started to recover?
30%
How did car ownership increase from 1920 to 1929?
8 million to 29 million
Name two features of the roaring twenties?
Entertainment Industries, Credit, Hire Purchase, Confidence
Why was Ford Model T so popular?
Due to its affordable price, even though it came in one colour and design
From what to what did married women working increase by?
1.9 million to 3.1 million
How many radios owned in the USA increase by between 1920 and 1929?
60,000 - 10 million
By when were women allowed to become politicians?
1929
How many movie tickets sold per week change from 1924 - 1929?
40 million - 80 million
Give 3 reasons for the economic boom in the 1920s and why they were reasons
Confidence - Increase in confidence meant that you were able to take risks. Risks like buying stock. This allowed companies to improve, excel and eventually allow people to make money again.
Reduced Taxes - Although less money went towards hospitals and schools. People who saved money on taxes got to spend it on more leisure items, directly contributing to the economy.
Mass Marketing - This convinced people to buy products and made them think they needed it. Increase in product sales also directly contributed to the economy.
How many people were unemployed in Munchie Indiana at one point in their lives?
72%
Why did demand for cotton, railroad and coal fall?
Cotton - New materials like silk and rayon were more in demand
Railroad - Cars were a more efficient method of travel.
Coal - People were using oil over coal for heating their homes
Why did unemployment increase in farms?
Mechanisation meant that there would be less people required to do a certain job. Hence more people losing their jobs.
What was the reduction of farmers by the end of 1920s?
1 million