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6 Cards in this Set
- Front
- Back
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What were the 1920s known as? |
'Boom Time' |
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6 Reasons for why the boom occurred? |
1) Low inflation, low unemployment and low interest rates.
2) Cities were rebuilt with tall skyscrapers, a major road building programmes.
3) Was a CONSUMER BOOM, more people could afford items such as radios, vacuums and telephones
4) Advertising encouraged more spending
5) Hire Purchase -> buying in instalments -> made cars affordable to average earners who could only but them on credit
6) reduction of income tax |
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How many workers were involved in Car Industry? |
1 in 12 workers were involved in car industry |
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How much was a Model T Car? |
$300 |
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How Many people had a car by 1929? |
1 in 5 had a car |
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How many Americans bought shares in 1920s |
1.5 million |
