1920s Flashcards
(47 cards)
What type of government approach was used in the 20s
Laissez-faire economics
Corruption in Harding’s government
Attorney General Harry Daugherty: accepted money to not prosecute criminals
Int. Secretary Albert Fall: took $500,000 from private companies for leases in government oil resources at Teapot Dome
How did businesses work
Older industries adopted Ford’s assembly lines
Newer companies provided more jobs and products
Annual production of cars
Tripled to 4.8 million
Population owning cars
By 1929 half of all American families owned a car
How much of the world’s cars did America produce
85%
Who were the three main car manufacturers
Ford
Chrysler
Harley Davidson General motors
How much of America’s overall manufactured goods were produced in America
40%
Time saving inventions
Vacuum cleaners, washing machines, toasters and refrigerators
Leisure developments
Baseball, boxing, radio and cinema
American Film Industry
Moved to Hollywood before WW1
By 1925 became the best in the world for scale and quantity of production
More people went to see them
Why did people have more spending money
Consumer debt and the wide use of credit.
Became normalised to go into debt to maintain the standard of living
Low taxes
Harlem
Became the capital of Black America as African Americans continued to migrate from the South to the North, especially during the war
Flappers
Drank illegally and smoked
Short hair and dresses
Androgynous presentation to reject the Gibson Girl ideal
Still expected to marry and have kids to settle into stereotypical roles
Employer vs employee income
Industrial wages rose by a quarter from 1922-29
Corporate profits rose by double that rate
Banks’ control of finance
By 1929 1% of banks controlled 50% of the nation’s financial resources
Wealth distribution
Top 5%’s national income exceeded that of the bottom 60%
Percentage of Americans living in poverty
40%
How many Americans owned stock
By 1920 1.5m Americans owned some kind of stock
Manufacturing workers decline
5%
Some jobs were replaced by those in new industries
How many Americans owned washing machines
By 1930 75% of American homes did not have a washing machine
How many Americans had radios
40%
Farms
During WW1 the government subsidised farms to maintain production for the war effort.
Production continued at the war rate after subsidies were taken back due to the use of fertilisers and new machinery, so they were losing money
Banks foreclosed their properties
KKK
Resurged due to the 1915 film ‘Birth of a Nation’ and hyper-nationalism in the war
Rose to over 3 million by the mid 20s
Majority White Protestants concerned about immigration, specifically Jews and Catholics