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Growing, consumer Ec
| Question | Answer |
|---|---|
| Define mass production | the production of large quantities of a standardized article by an automated mechanical process. |
| Impact of automobiles on american life | fostering personal freedom, transforming social norms, and spurring economic growth. |
| define disposable income | income remaining after deduction of taxes and other mandatory charges, available to be spent or saved as one wishes. |
| Consumer products bought by disposable income in the 1920's | automobiles, radios, refrigerators, vacuum cleaners, washing machines, and phonographs |
| impact of radio on American life | creating a shared mass culture, bringing entertainment and news directly into homes, boosting consumerism through advertising, and transforming sports by broadcasting live games |
| Installment plan define | An installment plan lets you pay for a purchase or debt in smaller, fixed payments over time instead of all at once |
| What groups were excluded from the prosperity of the '20s and why. | farmers, African Americans, immigrants, Native Americans, were largely excluded due to falling agricultural prices, systemic racial/ethnic discrimination, nativism, etc |
| The quiet depression, who suffered from this and why | primarily affected farmers and rural communities, who faced falling crop prices due to post-WWI overproduction, high debt, and reduced demand |
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