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Flashcards in Prosperity Deck (82)
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When was the volstead act

1919

1

When did the USA enter the war

1917

2

How many Americans died in ww1

100,000

3

How did the USA do well from the war

Euro countries paid the USA to provide food, raw materials and weapons

4

Why did the USA adopt a mood of isolation (give three)

• war was a remote conflict
• had been fought thousands of miles away over issues that did not concern their country
• no more soldiers being killed trying to keep peace

5

What party did woodrow Wilson belong to?

The Democratic Party

6

Who were the democrats opponents and who was the leader of this party?

The republicans

Led by Henry Cabot Lodge

7

What did some American historians decide about the start of ww1 (think Germany and Britain)

Thought Germany had not started the war.

'German atrocities' had been cooked up by 'British propaganda'

8

Why were isolationist policies viewed as bad? (Think hitler)

They were responsible for allowing the rise of Hitler (weakened LoN)

9

What happened in 1920 America?

There was a period of economic prosperity

10

What was the increase of motor cars on American roads between 1920-29

9 million to 26 million

11

What was the increase of telephones from 20-29

13 million to 20 million

12

What did economic growth create?

A cycle of prosperity

13

Describe the 4 stages of the cycle of prosperity

1) increased demand for consumer goods
2) increased production
3) increased employment
4) more money available to spend on consumer goods

14

What industry was among the first to use assembly lines

The motor car industry

15

Who was the pioneer of the method of using assembly lines in the motor car industry and what was his big idea

Henry Ford

To make a motor car for the ordinary man and his family

16

What was fords assembly line motor car called, and what was its nick name?

The Model T

The Tin Lizzie

17

When was the first model T produced

1911

18

By the 1920s how long did it take to make a Model T

10 seconds

19

How much did the Model T cost in 1911 and how much in 1920

1911 - $850

1920 - $295

20

How did the car industry expand and help other industries grow?

Bc steel rubber glass leather and oil were all in greater demand bc of it.

The construction industry bc roads for new traffic

21

How did the American industry grow during ww1

USA sold food and weapons to Europe with no competition from euro countries

22

What new production techniques did the American industry develop?

• mass production = economies of scale
• assembly line = one specific task, quick and cheap
• time and motion studies = improved efficiency

23

How could people buy consumer goods more easily

By new credit facilities.

ESP. Hire purchase

24

What is hire purchase

This allowed a buyer to pay for something in instalments over a period of time

25

Why did advertisements help the boom

Bc they were everywhere, and encouraged people to 'keep up with the Joneses'

26

How did the introduction of mail ordering help the boom

It extended the market for consumer goods beyond towns and cities

27

How did Government Policy fuel the boom?

Republican gov encouraged the growth of business by a policy of non-interference in the economy. (Laissez-faire)

28

What does laissez-faire mean

'Leave things alone'

29

What else did the gov do in terms of taxes and what result did this have on the people

Lowered taxes on income and company profits.

- more money to spend consumer goods and invest in new factories and buildings