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The USA, c1920–55: Boom, Bust and Recovery

The economic boom of the 1920s

  • 3 things to know
  • Paper 2

Overview

Recall questions on mass production and the motor industry, the new consumer goods, hire purchase, advertising, government policy, and who was left out.

What you need to know

Answer each one before you reveal it.

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Process

What drove American prosperity in the 1920s?

Key term

What lay behind American prosperity in the 1920s?

Who and when

Which groups did not share in the 1920s boom?

Questions from this subtopic

Each one with the model answer underneath.

  1. 1

    What lay behind American prosperity in the 1920s?

    Model answer

    Mass production such as Ford's assembly line, new consumer goods, credit through hire purchase, and laissez-faire government policy.

  2. 2

    What was hire purchase?

    Model answer

    Buying goods on credit in instalments, which fuelled a surge in consumer spending.

  3. 3

    Which groups did not share in the 1920s boom?

    Model answer

    Farmers, black Americans and many unskilled workers.

  4. 4

    What was mass production and who pioneered it?

    Model answer

    The moving assembly line, developed by Ford, which cut the time to build a Model T from twelve hours to about ninety minutes and made cars affordable.

  5. 5

    How did the motor industry drive the wider economy?

    Model answer

    It consumed steel, rubber, glass and oil, generated road building, garages, motels and suburbs, and by 1929 employed directly or indirectly one worker in twelve.

  6. 6

    What new consumer goods spread in the 1920s?

    Model answer

    Radios, refrigerators, washing machines, vacuum cleaners and telephones, bought increasingly on instalment credit.

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COpponents claimed thousands.

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