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In Search of the American Dream: The USA, c1917–96

Economic influences on American life

  • 3 things to know
  • Paper 1

Overview

Recall questions on the causes of the 1920s boom and who missed it, the Crash and the Depression, post-war affluence, and the stagflation of the 1970s.

What you need to know

Answer each one before you reveal it.

Your recallNot started
Key term

What described the post-war economy?

Key term

What economic challenges hit the 1970s?

Key term

What boosted the economy in the 1940s?

Questions from this subtopic

Each one with the model answer underneath.

  1. 1

    What described the post-war economy?

    Model answer

    Post-war affluence and a growing consumer society.

  2. 2

    What economic challenges hit the 1970s?

    Model answer

    Stagflation, oil crises and rising unemployment.

  3. 3

    What boosted the economy in the 1940s?

    Model answer

    The Second World War, through massive war production.

  4. 4

    What followed the Crash?

    Model answer

    The Great Depression.

  5. 5

    What caused the boom of the 1920s?

    Model answer

    Mass production and the assembly line, new consumer durables, hire purchase credit, cheap energy, and low taxes and regulation.

  6. 6

    Who did not share in the prosperity of the 1920s?

    Model answer

    Farmers, facing collapsing prices after wartime overproduction, and workers in older industries such as coal and textiles, along with most black and immigrant Americans.

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AThe government admitted 96 dead and 333 wounded.
BOther estimates run to several hundred dead.
COpponents claimed thousands.

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