Who gained and in the boom? Flashcards
Who won in the boom?
Speculators on the stock market, Assembly line workers, Owners of consumer goods factories, White people in cities, early immigrants and builders
Who lost during the boom?
Farmers, blacks and immigrants, coal and steel workers, textile workers, union members and workers
By 1929 how many people were speculating and how much was spent on shares?
20 million people and 9 billion dollars
Why were unskilled workers given jobs?
Because there had been an increase in assembly line produced goods
By what percent did female unemployment increase by?
24%
How many workers did Ford employ?
80,000
What percentage of workers in Ford’s Rover Rouge were from immigrant backgrounds?
70%
How much did the number of households with flushing toilets increase by?
20% to 51%
How much did the amount of vacuum cleaners rise?
9% to 30%
How much did the amount of washing machines rise?
8% to 24%
How much did the amount of fridges rise by?
1% to 8%
How much did farm income drop by between 1919 and 1928?
$22 to $13 billion
Less than what percentage of farms had electricity and mains water?
10%
Between what years did overproduction occur?
1900 and 1920
Why were European markets declining?
Because the USA had sold Europe millions of dollars worth of grain in the war and now they lost that demand
