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7 Cards in this Set

  • Front
  • Back
industrial process where each worker does only one task to make a product
assembly line
payment plan that allows customers to make payments for a purchase over a period of time
installment plan
economy that depends on a large amount of spending by consumers
consumer economy
total annual amount of goods and services produced by a country
Gross National Product (GNP)
How did the advertising industry help to develop a consumer economy?
Advertising focused on making products (and those who bought them) look stylish and glamorous.
What helped the growth of the Gross National Product in the 1920s?
Production increased due to the development of new resources, new management methods, and new technologies.
Describe Henry Ford's impact on American business and society?
Ford made cars that ordinary people could afford. Auto-making became the biggest manufacturing business.