Why did the USA experience a boom in the 1920s? Flashcards

1
Q

Why did Mass Production occur

A
Mass Production – famously at Ford.
Natural resources of USA
American spirit of enterprise
Effect of WWI
Transport
‘Rugged individualism’
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2
Q

How did advances in technology link to consumerism?

A

Electrification = demand = mass production.
Towns not rural.
Transport.

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3
Q

What was the significance of car ownership?

A

8 million in 1920 – 28 million by 1929.

Showed affluence and jobs provision for those making the cars

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4
Q

What did Hire Purchase goods enable?

A

1920 borrowing = $2 billion.
1929 - $8 billion.
Belief that the 1920s boom would be ‘never-ending’.

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5
Q

How did the Laissez-Faire government (Silent Cal Coolidge) affect the boom?

A

Tariffs on foreign goods.
Low Taxation.
“The business of America is business” – Coolidge.

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6
Q

Farmers’ experience of the boom?

A

Prices dropped as demand dropped after WWI.

Movement from some to cities to escape unemployment.

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7
Q

Black Americans’ experience of the boom?

A

Legal/Social discrimination.
Sharecropping.
1920s mass migration to the north.

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8
Q

What other limits were there to the boom?

A

Women’s role beyond consumerism?

Trade union power severely hindered.

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