USA- The changing quality of life, 1917–80 Flashcards
(99 cards)
How did the number of passenger cars in the US change from 1917 to 1929?
It increased from 5 million to 23 million.
How much did Henry Ford pay his workers per day? And when?
$5 per day in 1914, which was a notable wage increase at the time.
How did US consumer debt change in the 20s? What does this show?
Include the specific years as well as the amounts in $
It rose from $3.3 billion in 1920 to $7.6 billion in 1929, highlighting increased reliance on credit.
How did the percentage of income borrowed change before 1920 vs. 1929?
It increased from 5% before 1920 to 10% in 1929.
How did the number of electrified homes change from 1917 to 1929?
It grew by 16.7 million.
How much money was lost on Black Tuesday and when was it (exactly)?
On October 29th 1929, $40 billion was lost due to the dramatic drop in stock prices.
How many US banks had gone bankrupt by 1933?
In %
33.3% of all banks.
What was the purpose of the Federal Home Loan Bank Act and when was it?
1932, to assist people with their mortgages.
What did the Hawley-Smoot Tariff Act do and when? Who was considered responsible?
In 1930. Signed off by Herbert Hoover. It raised tariffs, worsening the Great Depression by reducing international trade.
What committee did Hoover establish in 1930 to address unemployment?
The President’s Emergency Committee for Employment.
What did the Wagner-Steagall Act of do and when was it?
housing…
- It created the Federal Housing Administration and focused on slum clearance.
What was the goal of the Second Agricultural Adjustment Act? And when was it? Who was it passed by?
Roosevelt. 1933. To provide subsidies to farmers to reduce crop production and stabilise prices.
How did US unemployment change from 1926 to 1932 to 1941? (as %)
It rose from 2% in 1926 to 24% in 1932, then dropped to 10% by 1941.
How did government spending change from 1930 to 1941?
It increased from $3.3 billion to $8.7 billion to tackle the economic crisis.
How did toy manufacturers’ profits change from 1959 to 1961?
They rose from $1.6 billion to $2.1 billion, reflecting the consumer boom.
How did the number of live births in the US change from 1940 to 1955? What did this contribute to?
It increased from 2.6 million to 4.1 million, contributing to the baby boom.
What did the National Housing Act aim to do? And when in the late 40s was it?
- It focused on slum clearance and provided funding for 810,000 new housing units.
What happened to prices after the Office of Price Administration shut down? When did it shut down?
- Prices rose 25% in two weeks due to the loss of price controls.
Which decade did the baby boom occur?
During the 1950s.
What was the impact of the Highways Act and when was it?
- It led to the construction of 41,000 miles of interstate highways.
Where was the largest Levittown located, and what was notable about it?
Also how many residents did it have
Long Island, with 82,000 residents, though the company discriminated against Black Americans.
How much did a home in Levittown cost?
$7,000, making it affordable for middle-class families.
How many transistor radios were in circulation in the US by 1958?
45 million.
How did average wages change from 1943 to 1969?
They increased from $2,000 to $7,000.