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