Flashcards in Prosperity Deck (82)
When was the volstead act
When did the USA enter the war
How many Americans died in ww1
How did the USA do well from the war
Euro countries paid the USA to provide food, raw materials and weapons
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
What party did woodrow Wilson belong to?
The Democratic Party
Who were the democrats opponents and who was the leader of this party?
Led by Henry Cabot Lodge
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'
Why were isolationist policies viewed as bad? (Think hitler)
They were responsible for allowing the rise of Hitler (weakened LoN)
What happened in 1920 America?
There was a period of economic prosperity
What was the increase of motor cars on American roads between 1920-29
9 million to 26 million
What was the increase of telephones from 20-29
13 million to 20 million
What did economic growth create?
A cycle of prosperity
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
What industry was among the first to use assembly lines
The motor car industry
Who was the pioneer of the method of using assembly lines in the motor car industry and what was his big idea
To make a motor car for the ordinary man and his family
What was fords assembly line motor car called, and what was its nick name?
The Model T
The Tin Lizzie
When was the first model T produced
By the 1920s how long did it take to make a Model T
How much did the Model T cost in 1911 and how much in 1920
1911 - $850
1920 - $295
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
How did the American industry grow during ww1
USA sold food and weapons to Europe with no competition from euro countries
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
How could people buy consumer goods more easily
By new credit facilities.
ESP. Hire purchase
What is hire purchase
This allowed a buyer to pay for something in instalments over a period of time
Why did advertisements help the boom
Bc they were everywhere, and encouraged people to 'keep up with the Joneses'
How did the introduction of mail ordering help the boom
It extended the market for consumer goods beyond towns and cities
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)
What does laissez-faire mean
'Leave things alone'