1920s

• What was the main political party in power during the economic boom of the 1920s?

  Republican Party
• Who was the President leading the Republican Party during the 1920s economic boom?

  Warren Harding
• What was the combined wealth of Andrew Mellon and Herbert Hoover?

  Over $600 million
• What economic philosophy did the Republicans believe in during the 1920s?

  Laissez faire
• What does "Rugged Individualism" refer to in the context of the 1920s?

  Belief in self-reliance and personal responsibility
• How did low taxation benefit the economy in the 1920s?

  Encouraged spending and reinvestment
• What was the purpose of the Fordney-McCumber tariff?

  To protect US businesses from foreign competition
• What are powerful trusts?

  Huge corporations dominating industry
• What was the Democrats' stance on trusts during the 1920s?

  They fought against them
• How did the First World War contribute to the economic boom?

  USA profited from supplying allies
• What happened to the aviation industry during the economic boom?

  It flourished with more trained pilots
• How were natural resources exploited in the USA during the 1920s?

  Rich businessmen capitalized on them
• What fuel replaced coal as the most popular during the 1920s?

  Oil
• Who was associated with the steel industry during the economic boom?

  Andrew Carnegie
• What role did Mellon play in the economic boom?

  Invested in new industries
• How did the Republican government support the motor industry?

  By extending roads for transportation
• What marketing techniques did big industries use to boost sales?

  Sophisticated sales and advertising techniques
• What was a significant change in consumer behavior during the 1920s?

  Growth of mail order companies
• What was the impact of credit on consumer purchases?

  Allowed people to buy now, pay later
• What was the principle of consumerism in the 1920s?

  People had the right to own goods
• How did confidence in the economy affect stock market participation?

  More Americans bought shares in the stock market
• How many share owners were there in 1925?

  20 million
• Who revolutionized car production in the 1920s?

  Henry Ford
• What was the effect of car production on other industries?

  Positive impact on glass and steel industries
• How did cars influence suburban living?

  Made it easier to travel and buy houses
• Who did not benefit from the economic boom?

  Farmers
• What caused farmers' profits to decline during the 1920s?

  Less food exported and overproduction
• What was the impact of competition from Canadian wheat farmers?

  Increased competition for American farmers
• How did the government respond to farmers' issues?

  Believed in laissez faire, did little
• What technological advancement affected employment during the boom?

  New machinery replaced workers
• What was the situation for traditional industries during the boom?

  They faced job losses and lower pay
• What was the status of women's employment by 1929?

  10 million women were at work
• What significant right did women gain in August 1920?

  The right to vote
• What was the Sheppard-Towner Act of 1921?

  Provided funding for maternity and child health care
• How did women's roles change in the 1920s?

  Gained more independence and freedoms
• What limitations did women still face in the 1920s?

  Paid less than men for the same work
• How were women viewed politically in the 1920s?

  Deemed 'unelectable' in politics
• What was the main reason for the introduction of Prohibition in 1920?

  To curb alcohol consumption for family welfare
• What was the Volstead Act?

  Legislation that enforced Prohibition
• How did Prohibition affect family life?

  Led to family problems related to alcohol