1920s Economic Boom Flashcards Preview

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Flashcards in 1920s Economic Boom Deck (32):
1

Laissez faire:

Government should do as little as possible to interfere in people's everyday lives-businessmen free to make profits.

2

Tariffs:

Taxes which were put on imported goods, this made foreign goods more expensive-so Americans bought more home-produced goods.

3

Low taxation:

This meant people had more money left to spend which helped industrial growth; rich business men benefited the most.

4

What was the stock market boom?

Confidence that prosperity would continue to grow encouraged people to buy shares in companies and gained a percentage of the profits in return.

5

In what year did Henry Ford set up the first moving production line?

1913

6

How many Model Ts were made in mass production between 1908 and 1925?

15 million.

7

Why weren't farmers benefited in the economic boom?

Total farm income dropped from $22 billion in 1919 to $13 billion in 1928, the main problem being overproduction.

8

What year did women receive the right to vote?

1920

9

How many women were in jobs by 1929?

10 million

10

In what year was the prohibition law passed?

1920 until 1933.

11

What percentage did alcohol consumption fall by in the early 1920s?

30%

12

Why was prohibition not completely successful?

Speakeasies, moonshine. Distilleries were a major fire hazard and the alcohol produced was often poisonous.

13

What was the St Valentine's Day Massacre?

1929- Al Capone's men murdered seven of his rival Bugs Moran's gang, using a false police car and uniform to put Moran's men off their guard.

14

What was the KKK?

A white supremacy movement. It was revived in 1915. It became a powerful political force in early 1920s. Between 1919 and 1925 over 300 African Americans were murdered by lynching. By 1924 it had 4.5 million members.

15

Which places did immigrants often come from?

Jews from Eastern Europe and Russia fleeing persecution and people from Italy fleeing poverty. And more established immigrant groups such as Irish Americans, French Canadians and German Americans. USA prided itself on being a 'melting pot'.

16

What was the Red Scare?

The increased fear of communism. They feared that recent immigrants from Eastern Europe and Russia were bringing similar radical ideas with them to the USA. This worsened racist attitudes towards immigrants.

17

What was the significance of the Sacco and Vanzetti Case?

All those known to have radical political beliefs were rounded up. One pair, Sacco and Vanzetti were accused of murder. After six years of legal appeals they were executed in 1927. There was a storm of protest all over the world as the two were convicted unjustly and the evidence against them was very flimsy.

18

What did the government introduce for immigrants in 1917 and 1921/1924?

A literacy test in 1917 and a system of immigration quotas in 1921/1924. This reduced the number of immigrants to 150,000 per year.

19

In what year did Henry Ford set up the first moving production line?

1913

20

How many Model Ts were made in mass production between 1908 and 1925?

15 million.

21

Why weren't farmers benefited in the economic boom?

Total farm income dropped from $22 billion in 1919 to $13 billion in 1928, the main problem being overproduction.

22

What year did women receive the right to vote?

1920

23

How many women were in jobs by 1929?

10 million

24

In what year was the prohibition law passed?

1920 until 1933.

25

What percentage did alcohol consumption fall by in the early 1920s?

30%

26

Why was prohibition not completely successful?

Speakeasies, moonshine. Distilleries were a major fire hazard and the alcohol produced was often poisonous.

27

What was the St Valentine's Day Massacre?

1929- Al Capone's men murdered seven of his rival Bugs Moran's gang, using a false police car and uniform to put Moran's men off their guard.

28

What was the KKK?

A white supremacy movement. It was revived in 1915. It became a powerful political force in early 1920s. Between 1919 and 1925 over 300 African Americans were murdered by lynching. By 1924 it had 4.5 million members.

29

Which places did immigrants often come from?

Jews from Eastern Europe and Russia fleeing persecution and people from Italy fleeing poverty. And more established immigrant groups such as Irish Americans, French Canadians and German Americans. USA prided itself on being a 'melting pot'.

30

What was the Red Scare?

The increased fear of communism. They feared that recent immigrants from Eastern Europe and Russia were bringing similar radical ideas with them to the USA. This worsened racist attitudes towards immigrants.

31

What was the significance of the Sacco and Vanzetti Case?

All those known to have radical political beliefs were rounded up. One pair, Sacco and Vanzetti were accused of murder. After six years of legal appeals they were executed in 1927. There was a storm of protest all over the world as the two were convicted unjustly and the evidence against them was very flimsy.

32

What did the government introduce for immigrants in 1917 and 1921/1924?

A literacy test in 1917 and a system of immigration quotas in 1921/1924. This reduced the number of immigrants to 150,000 per year.