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33 Cards in this Set
- Front
- Back
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Which 5 groups benefitted from the EB? |
the rich, white men, middle-class women, white American workers, business men |
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Why did White American workers benefit from the EB? |
there were more, better jobs in the city, pay was higher and more female jobs |
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How did more efficient jobs help other industries? |
More free time to spend on leisure |
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How did Spectators benefit from the confidence? |
More investors meant the stock-market was doing better |
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Which industries benefited from the EB? |
Bankers/investors, speculators, large companies, leisure and tourism, motor, electrical goods |
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Why did the motor industry benefit? |
Prices of cars dropped, more time for leisure and tourism, production line |
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Which motor company was the first to introduce the production line? |
Ford |
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Who was able to afford cars now they were more affordable? |
The Middle-class |
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Why did Electrical goods companies benefit? |
people had more money as middle-class were earning more |
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Which 6 groups did not benefit from the EB? |
Farmers, Coal and Leather, Textile, Black Americans, Native Americans, Women |
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5 reasons why farmers didn't benefit from the EB? |
Tariffs, over-production, new machinery, population decrease, no government help |
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How did Tariffs harm farmers during the EB? |
couldn't export goods made from over-production |
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How did over-production affect farmer's sales? |
prices plummeted as there were too many crops |
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Why was there over-production? |
There was a lot of land |
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What did new machinery mean for farmers? |
There was little demand for labour, couldn't afford to pay their workers |
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Why didn't the government help them? |
They wanted farmers out of rural areas and to work in the cities |
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4 reasons why Coal and Leather didn't benefit from the EB |
low wages, alternatives available, less cows, bad quality products |
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How did low wages harm the industry? |
Workers were malnourished and tires so made bad quality products |
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Why was there high-unemployment in the Coal industry? |
Lots of better jobs available- only the really desperate worked thereWhich companies were competing with the Coal & Leather Industry & why were they preferred?*Oil & electricity, easier to store, safer |
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4 reasons why textile did not benefit from the EB? |
domestic and foreign competition, better alternatives, high unemployment, unhappy workers |
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Why were man-made materials better than the Textile industry? |
cheaper to produce, longer-lasting, a lot less trouble |
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How far were the Textile workers below the poverty line? |
42% |
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4 reasons why did black Americans not benefit from the EB? |
KKK, unemployment, poor housing, less government interference |
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Why did black Americans have the worst jobs or no job at all? |
Often blamed for taking all the jobs- less likely to be employed |
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Why did less government interference mean black Americans lost out? |
They were most dependent on the government |
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By how much did Native American's population decline in the twenties? |
from 1.5 million to 250,000 |
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When were Native Americans given US citizenship & allowed to vote? |
1924 |
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What did high-employment mean for women? |
They could take over jobs that were traditionally for men |
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What was a massive problem in female employment? |
They were paid less than men for the same job |
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When did the Economic Boom end? |
1929 |
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What was the name of the event that ended the EB? |
The Wall Street Crash |
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Who was President at the time of the WSC? |
Hoover |
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What was the American President shunned for saying just before the WSC? |
"Prosperity is right around the corner" |
