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Topic 2 - USA 1918-1941
The Economic Boom
Who didn't benefit from the boom?
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The Decline
Edexcel History IGCSE > Section B > Topic 2 - USA 1918-1941 > The Economic Boom > Who didnt benefit from the boom?
4 cards
Overproduction & Mechanisation
Edexcel History IGCSE > Section B > Topic 2 - USA 1918-1941 > The Economic Boom > Who didnt benefit from the boom?
4 cards
Cards (12)
In the 1920s, there was a massive pay divide.
Only
5
% of the population were considered to be 'rich', and on average, they received
32
% of all national income.
The number of people in average jobs received
58
% of all
national income.
The 'poor' made up
42
% of the working population, the
largest group
of people, yet they received the
smallest
amount of
national income
, 10%
Not an
even distribution
of national income in
1925.
Coal Mining
Produced
fuel
to
heat homes
+ power machines.
In 1920,
568 million tonnes
of
coal mined
, in 1930 only
518 million.
Oil replacing coal
In 1929,
550,000 homes
were
heated
by
oil.
Miners faced
competition
from electricity and
gas.
Textile Industry
Before war,
cotton
and
wool mills
had processed material needed.
After
war
,
textiles
faced huge drop - due to changing
fashion
and competition from
silk
, to
new material.
Textile production
began to
decline.
Mill workers
shared this problem with the cotton farmers, who struggled to find a
market
for their
crops.
Rail Road Industry
Grew during war as needed to
transport goods.
Slowed
by
increasing
number of
car sales
Rise in using
trains
to
transport goods
, however this was a
small increase
compared to the
fall
in
passengers.
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