Why did the USA experience a boom in the 1920s? Flashcards
Why did Mass Production occur
Mass Production – famously at Ford. Natural resources of USA American spirit of enterprise Effect of WWI Transport ‘Rugged individualism’
How did advances in technology link to consumerism?
Electrification = demand = mass production.
Towns not rural.
Transport.
What was the significance of car ownership?
8 million in 1920 – 28 million by 1929.
Showed affluence and jobs provision for those making the cars
What did Hire Purchase goods enable?
1920 borrowing = $2 billion.
1929 - $8 billion.
Belief that the 1920s boom would be ‘never-ending’.
How did the Laissez-Faire government (Silent Cal Coolidge) affect the boom?
Tariffs on foreign goods.
Low Taxation.
“The business of America is business” – Coolidge.
Farmers’ experience of the boom?
Prices dropped as demand dropped after WWI.
Movement from some to cities to escape unemployment.
Black Americans’ experience of the boom?
Legal/Social discrimination.
Sharecropping.
1920s mass migration to the north.
What other limits were there to the boom?
Women’s role beyond consumerism?
Trade union power severely hindered.