The Boom - 1920s Flashcards
look at a group and then the positives and negatives each group has faced (28 cards)
working class Americans: positives - mass production form boom created what
many jobs
working class Americans: positives - how much did wages increase
$1158 -> $1304, 1919 - 1927 (slow wage grwoth but still)
working class Americans: positives - what effect did expansion of suburbs have
middle class workers could have their own homes and communte to cities
working class Americans: negatives - how many americans lived below the poverty line
42 %
working class Americans: negatives - what where overturned bythe supreme court
- child labour laws
- minium wage protections
working class Americans: negatives - membership in unions decreased what
5.1 million to 3.6 million
business: positives - fact to prove car production boomed
model T 4,000 in 1900, in 1929 it was 4.8 million
-> fuelled grwoth for other industries such as rubber, glass ,steel and petrol
business: positives - what increased consumer spending. hwo much was spent on advertising a year
- advertising and credit schemes increased consumer spending
- 3 billion spent on advertising a year
business: positives - fact to show stock market boomed
20 million investors
-> brought capital to companies
business: negatives
- overproduction in farming and some industries led to unsellable surplus
- some industries like coal and steel adn textiles declined due to new materials and energy soruces
- famrers and lower class consumers struggles to buy goods
-> limited market expansion
the US economy: positives - what did industrial production
50 % in 1920s
- US became world’s leading eocnomic power
the US economy: positives - fact to show stock market thrived
20 million speculating
the US economy: positives - what proves credit schemes boomed consumer spendings
8/10 radios bought on credit
the US economy: negatives - fact to shwo wealth inequality
only 10 % of wealth went to the bottom 42 % of americans
the US economy: negatives - what created financial risk
- reliance on credit schemes and speculation
- farmers and declining industries struggled creating an econmic imbalance
famers: positive
mechanization (combine harvesters and fertilisers) initially increased production
famers: negatives - farm income dropped what
from 22 billion in 1919 to 13 billion in 1928
famers: negatives - how many farmers were forced off their land, to seek work in cities
6 million
women: positives - employement increased what
24 %
famers: negatives - how did competition affect them
- canadian competition and european market decline led to lost exports
women: positives - what proved houselhold work became easier
9 % to 30 % had vacuum cleaners
women: positives - what did middle class women gain
leisure time - joining country clubs and social activities
women: negatives - textile workers fact
- harsh condition, 56 hr weeks for 18 cents an hour
women: negatives - strikes fact
- strikes in tennessee 1927 where crushed by state troopers
