Flashcards in The economic environment Deck (50)
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1

What was the percentage drop in the energy supplied to the general public in the US by coal from 1900 to 1930?

90% to 60%

2

How many passenger cars were there between 1917 and 1929?

5 million to 23 million

3

How much did Henry Ford pay his workers per day?

$5

4

Who introduced the idea of 'scientific management'?

Frederick W Taylor

5

By how much did consumer debt rise between 1920 and 1929?

$3.3 billion to $7.6 billion

6

Before 1920 people borrowed, on average, 5% of their income. To what percentage did this rise to during 1929?

10%

7

In 1917 and 1929 how many homes were wired for electricity?

7.9 million to 24.6 million

8

How many shares were traded on the 24 October (Black Thursday) 1929?

12.9 million

9

How many shares were traded on October 29 (Black Tuesday) 1929?

16.4 million

10

How much was lost due to the drop in share prices on Black Tuesday (October 29 1919)?

$40 billion

11

By 1933, what percentage of the banks which were in operation before the Wall Street Crash bankrupt?

33.3%

12

In what year did Hoover introduce the Federal Home Loan Bank Act that was setup to help people with their mortgages?

1932

13

When was the Hawley-Smoot Tariff Act introduced?

1930

14

How much was given to the Reconstruction Finance Corporation (RFC) in January 1932?

$300 million (later expanded to help farmers as well as relief projects)

15

When did Hoover setup the Committee for Unemployment relief and the President's Emergency Committee for Employment?

1930

16

When was the Wagner-Steagall Act that setup the Federal Housing Administration to oversee slum clearance?

1937

17

What did the Second Agricultural Adjustment Act do?

Provide subsidies to farmers to produce less

18

What was percentage unemployment in the US in 1917, 1926, 1932 and 1941?

1917= 4.6%; 1926= 1.8%; 1932= 23.6%; 1941=9.9%

19

What was government spending between 1930 and 1941?

3.3 billion to 8.7 billion

20

What was the rise in the worth of goods produced between 1945 and 1950?

$213 billion to $284 billion

21

What was the increase in profits made by the toy manufacturers between 1959 and 1961?

$1.6 billion to $2.1 billion

22

How many live births were there between 1940 and 1955?

2.6 million to 4.1 million

23

What did the 1949 National Housing Act do?

Slum clearance and provide 810,000 housing units

24

When was the Office of Price Administration shut down?

1946

25

By how much did prices rise after the Office of Price Administration shut down?

25% in two weeks

26

Which two organisations were setup as a result of the 1946 Employment Act?

Council of Economic Advisors and the Joint Economic Committee of the House of Representatives

27

In which decade was the 'baby boom'?

1950s

28

How many miles of interstate highways were built after the 1956 Highways Act?

41,000

29

Where was the largest Levittown?

Long Island with 17,000 homes and 82,000 residents (the company discriminated against Black Americans)

30

How much could a home in a Levittown be bought for?

$7,000