Industrial Boom Flashcards Preview

History GSHS The Roaring 20s: USA > Industrial Boom > Flashcards

Flashcards in Industrial Boom Deck (15)
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1
Q

What new tax was introduced in 1922 and what did it do?

A

Fordney-McCumber Tariff

Foreign goods taxed so people bought American made goods and promoted the economy

2
Q

What name is given for the making of lots of goods?

A

Mass production

3
Q

What was the assembly line?

A

Product built by moving along a conveyer belt with each person repeatedly doing the same job (Henry Ford started this with cars in Detroit)

4
Q

How did the assembly line help with the industrial boom?

A

Made quicker and cheaper so easier to sell

5
Q

Other than cars name 5 other industries that boomed during 1920s.

A

Telephones, radios, canned fruit and veg, electric lights/power companies, construction (Skyscrapers), vacuums, fridges, washing machines, cookers etc

6
Q

Name 4 methods of advertising in 1920s USA.

A

Billboards, newspapers, magazines and radios

7
Q

What was hire purchase and how did this encourage production?

A

Pay a deposit and pay rest off in instalments which created a bigger demand for goods

8
Q

What was laissez faire?

A

Republican policy of letting business get on and no interference

9
Q

What is rugged individualism?

A

Republican policy of the individual is responsible for themselves and the state doesn’t do much to help

10
Q

By the 1920s how long would it take to produce a car on the assembly line?

A

93 minutes

11
Q

By the 1920s approximately how many jobs were in the motor industry?

A

4 million

12
Q

How many cars were produced by 1929?

A

26 million

13
Q

How many radios were sold by 1929?

A

10 million

14
Q

Why did buying shares in a company help industrial growth?

A
  • Provided companies with more money to invest and expand

- people selling shares made a profit if shares prices had increased

15
Q

What was the name of the famous standardised car made by Ford Motors in the 1920s?

A

Model T