Prosperity

Question 1

How much did GNP rise by the end of the 1920s?

Answer 1

73 billion in 1920 104 billion 1929

Question 2

How much did real wages rise?

Answer 2

14%

Question 3

How much did industrial goods production rise?

Answer 3

50%

Question 4

How much money was made of radio sales?

Answer 4

$852 million

Question 5

How many cinema tickets weekly by 1929?

Answer 5

80 million

Question 6

Which government policy help improve prosperity

Answer 6

laissez faire- hand off government

Question 7

What were tariff acts

Answer 7

The Emergency Tariff Act 1921 and The fordney-McCumber Act 1922

Question 8

What was the extent of electrification?

Answer 8

70% of all us homes

Question 9

How many planes were developed per year?

Answer 9

20,000 planes

Question 10

What industries did the car industry effect?

Answer 10

Steel, rubber, paint, lumber, oil, electrical and

tourism industries.

Question 11

Who did melons tax policy favor?

Answer 11

The rich and business leaders

Question 12

What did the government do which help big business leaders?

Answer 12

Action against trade unions

Question 13

What new businesses techniques were they?

Answer 13

Taylor-ism

Question 14

What allowed people to buy goods they could not afford?

Answer 14

Credit and hire purchase, on the surface prosperity but lots of people in debt so who would be unable to pay it off quickly

Question 15

How was the us not prosperous?

Answer 15

The top 1% of the richest people had wealth equal to the bottom 42%
The same 1% owned 34% of all savings

Question 16

Who was not prosperous during the 1920’s?

Answer 16

Farmers, prices fell due to overproduction caused by new machinery.
Miners, due to the newly found oil
Immigrants and ethnic minorities, they were paid less than whites and treat as second class citizens

Question 17

What % of people were living in poverty in the 1920s?

Answer 17

40%