SFA History - American Economy
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| List 3 financial benefits that the USA gained from the First World War | show 🗑
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| What problems did soldiers face when they returned from WWI? | show 🗑
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| show | Credit
America's natural resoures
Mass Production
Policies of Republican Presidents
First World War
Advertising
Confidence
Electricity
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| How did advertising contribute to the boom? | show 🗑
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| Who said "The business of America is business"? | show 🗑
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| show | Republican party
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| What 3 key words would you associate with Republican presidents? | show 🗑
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| show | Leave big businesses alone to expand and prosper
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| show | Taxes on foreign goods. This made them more expensive so people would buy American goods.
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| show | Rugged Individualism
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| show | One of the first plastics - a new invention in the 1920s.
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| How did the cinema contribute to the boom? | show 🗑
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| How did transport boom in the 1920s? | show 🗑
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| What 4 key words would you associate with Henry Ford? | show 🗑
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| Why was the motor car so popular? | show 🗑
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| Why did some people dislike the Model T? | show 🗑
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| show | Invented Model T - gave people freedom and independence
Pioneered mass production - other industries copied him
People copied his business ideas
Success of Model T helped contribute to the boom (more jobs in glass, rubber industries etc)
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| show | Cheaper to make - could sell them at a lower price.
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| show | Could not sell goods to Europe after war as they were producing their own.
Prices fell.
many farmers in debt and lost their land.
BUT LARGE, MECHANISED FARMS DID WELL!
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| show | Farmers
Black people
Immigrants
People working in old industries (coal, iron)
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| show | Segregation, Jim Crow Laws in the South
Many worked on farms and lost their jobs
Discrimination
In north, many lived in ghettos
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| Name two famous buildings that were constructed in the 1920s? | show 🗑
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| What car did Henry Ford invent? | show 🗑
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| What were the reasons for the Wall Street Crash? | show 🗑
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| show | Speculation
Panic Selling
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| Why did nearly 60% of America population live near? | show 🗑
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| What is meant by buying on credit? | show 🗑
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| show | Mass production meant that more goods were being made than could be sold.
Could not find buyers for the goods.
Those who had them didn't need another. Many people could not afford them.
Could not sell abroad because of Fordney McCumber tariffs
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| show | Borrowing money to buy shares, in the hope that they will gain value.
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| show | 29th October 1929
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| show | People rushed to sell their shares, worried that the value was dropping.
This made the value of shares worthless and eventually the stock market crashed.
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| What was the Wall Street Crash? | show 🗑
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| show | People bought shares 'on the margin' (borrowing money.
They gambled that they would go up in value.
When the value of shares started to drop - people started to panic-sell.
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| Why didn't immigrants benefit from the boom? | show 🗑
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| How did the growth of public confidence help the boom? | show 🗑
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Created by:
allenk
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