week One Flashcards
What did the republicans believe in
Preserve traditions, stay out of peoples lives, laissez faire policy, low taxation
What did the democrats believe in
Preferred intervening in everyday life if necessary
Favoured helping the vulnerable such as poor or elderly
More support from southern states
When was the bill of rights
1791
What is the bill of rights
Part of the constitution and guarantees Americans a series of freedoms and rights, including the right to vote, freedom or belief.
What are the 2 types of government in the USA
Central federal government
State government
What does a central federal government mean
the political authority that governs an entire nation.
What does a state government mean
A state government is a unit of government that specifically makes and enforces laws for a state.
When was the economic boom
1920s
Reasons for the economic boom
First World War Republican government Consumer society Growing industries Mass production
What was the policy of isolationism
That the USA stayed out of the war politically and economically
What did the republican government do
Cut taxes paid by rich people
Why were there more jobs created
As more cars were made in industries
How many cars on road in 1926
20 million
When was the first Ford factory built
1903
When were assembly lines produced and what are they
Created quicker and cheaper cars, 1913
how many people bought the model t Ford between 1911 and 1929
15 million
What was the stock market
Biggest success of 1920s, most popular way to make money was buying and selling shares in companies often called playing the stock market
How did people earn money by the stock market
Millions of people bought shares in all sorts of companies and made money by selling them on
why did farmers struggle financially in the 1920s
Took out loans to buy equipment but could not repay the money and were evicted from their land
Why did coal miners not benefit from the boom
Coal mines closed and other forms of fuel were increasingly used to heat homes and cook food
why did many factories shut down
Less demand for products because of the new popularity of new man made fibres the price of cotton and woollen cloth fell
