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When did the USA become the richest country in the world?
The American Government followed a "Laissez faire" policy. What does this mean?
Give two other ways that the government helped business make good profits
How was America "naturally" rich?
Which man-made disaster made the USA even more prosperous?
Name the car manufacturer who first used mass-production
Give two features of mass-production
Before standardisation, one car was individual and took 12 hours to make. How long did it take to make the standard version?
Which other industries benefited from the boom in the car industry?
Lots more jobs were create from the boom in car ownership- name two
Name two "new" consumer goods that were cheaper because of mass production
What does "Hire purchase" mean?
Give two examples of goods which saw a large increase in sales during the 1920s
How much did the average wage rise by in the 1920s?
What is a "Billboard"?
What is a "share"?
What is a dividend?
What is buying "on the margin"?
In the 1920s, where was the New York stock exchange found?
Why did agriculture not share in the "Boom" times of the 1920s?
Name two old industries that did not benefit from the boom
Give two other underlying weaknesses/problems in the US economy
