the 1920's Flashcards
Definition: It refers to a period of financial prosperity, rapid progress, and growth in stocks.
Economic boom
Due to uncontrollable immigration, many Americans became xenophobic. What does xenophobia mean?
Fear of foreigners resulting in irrational judgment, treatment, and decisions
Policy of Protectionism
Imposition of taxes on foreign goods, which encouraged Americans to buy local products
Farmers were Suffering BEFORE the Wall Street Crash
600,000 farmers lost their farms in 1924 alone
There was a Mass Inequality of Wealth.
The richest 5% earned 33% of all the money in America. Tax records from the US government showed that 21 individuals with an annual income of over $1 million in 1921, 75 in 1924 and 207 in 1926. There were an estimated 15,000 US millionaires by 1927
What Was the National Origins Act?
1924: National Origins Act: reduced immigration to 150,000 immigrants a year
By 1929 - How many people were attending the Cinema?
By 1929, 95 million people a week were going to the cinema
What was the name of the first ‘Talkie’ and when was it released?
1927 The first talkie released “The Jazz Singer released”
What was the difference in Radio Sales between 1920 and 1929?
In 1920, $2 Million worth of radios were sold in 1929 the figure was $600 million.
How did Electricity usage increase during the ‘Boom’?
In 1916, only 15% of American homes had electricity. But nearly 70% had it by 1927
