winners of the boom Flashcards
big question 3 part 1 - who gained the most in the boom
how did speculators on the stock market gain from the boom
- gave normal people the chance to make money
-> which was then spent on consumer goods and entertainment
by 1929 how many people were speculating to buy shares
20 million people
by 1929 how much money was spent on shares
9 billion dollars
what groups of people were offered a place to work due to assembly lines
- immigrants
- women
- unskilled employment
how much did female employment increase to during the boom
24 %
what did increases in employment mean for the economy
- more people earnt money
- to spend on goods
- or invested in savings for radios and cars
how did owners of consumer goods factories gain from the boom
- because of laissez faire, businessmen were left to control the industry
- could expand their businesses
how many workers did Ford employ at River Rouge
80 000
what did owners/ Ford do when he had made a fortune
- made a fortune
- reinvested money into plants liek River Rouge
-> employ lots of people
how did white people in cities benefit from the boom
- moved to suburbs
- drove in cars
- cities provided them entertainment like jazz clubs and sports
how did early immigrants benefit from the boom
- be employed in jobs like assembly lines
- and so improve their standard of living
how many of Ford’s River Rouge plant workers were immigrants
70 %
how did middle class women benefit from the boom
- number of households with vacuum cleaners rose
- meant wealthier women had to spend on average less work per week doing housework
how many hours less per week did middle class women spend on housework (due to more vacuum cleaners, washing machines, fridges)
- 3 hours less per week
how did builders benefit from the boom
- road length doubled
- suburbs grew rapidly
- growth of skyscrapers
- millions of people given jobs
-> wages spent on conumser goods - cylce of prosperity grew
