America Flashcards
(126 cards)
How did America boom due to the war?
Policy of isolationism. Banks loaned money and they led the world in production
What did America not have after the war?
War time debt
What was the tariff that was introduced after the war?
The Fordney-McCumber Tariff
How did republican policies help the boom?
Cut taxes by rich and generally and had a ‘laissez fairs’ attitude
What made goods cheaper?
Mass production
What made buying goods easier?
‘Hire purchase plans’
What made people want to buy goods?
Advertising and to ‘keep up with their neighbour’
When was the assembly line produced?
1913
Which car was mass produced?
Model T
What did the assembly line do?
Made cars cheaper and quicker
What was the price of a car in 1911?
$800
What was the price of a car in 1928?
$295
What did many people do in the 20’s?
‘Played on the stock market’
What was a shareholder?
An investor who holds a share in a business
How did ordinary people play on the stock market?
They ‘bought on the margin’ but buying shares with loans and paying them back with the profits
What happened to farmers during the boom?
High taxes on US goods and a decreased demand
Why did farmers become bankrupt?
Could not repay loans
What replaced farmers during the boom?
New machinery
What closed during the boom?
Coal mines
Why did wool and cotton industries suffer during the boom?
New man made fibres like rayon
How did Indians suffer during the boom?
Their land had been seized and they were forced to move to reservations
Why were the American Indians suffering?
They lived in extreme poverty, were poorly educated and the land they lived in was poorer
What did jazz ‘encourage’?
Drunkenness and sexual behaviour
What system promoted actors?
He ‘star system’