GCSE History

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The flashcards below were created by user ghoran on FreezingBlue Flashcards.


  1. the government did not interfere in the economy or impose high taxes on buisnessmen this allowed more
    of the profits to be re-invested into the buisness
  2. what were the strengths of the US economy in the 1920's
    • new industries were doing well, especially cars and electrical goods
    • spin-off industries from the manufacture of cars prospered
    • the stock market was making profits
    • the government did not interfere in the economy or impose high taxes on buisnessmen
  3. the stock market was making profits . as people invested in companies this provided
    the companies with more money to build up their buisness even further
  4. why did the USA fall into depression in 1929
    • because there were underlying preoblems throught the 1920's , which meant that prosperity would come to an end
    • these problems includde unequal distribution of wealth , overproduction , republican policies , tariff controls and the collapse of finacial markets
  5. as we have seen , despite the economic boom of the 1920's , there was a great deal of
    poverty in the USA . The majority of the population was poor . Older industries did not share in this prosperity , so miners and textile workers suffered
  6. farmers and sharecroppers were suffering . Even when congress passed a bill by which -------------------------------------- , president ....... twice voted it on th grounds that it may encourage farmers to increase the production and so make the problem worst
    • the government would have bought up farmers' surplus crops
    • Coolidge
  7. by ...... , millions of farmers and farm labourers were out of work
    1929
  8. wages did not rise in proportion to ........
    profits
  9. average profits rose .....% but wages only rose ......% , so this led to great ....... .
    • 72
    • 8
    • inequality
  10. ....... of personal income was earnt by the top ......% of wealthy Americans .
    • 1/3
    • 5
  11. it was generally believed that the industrial boom would gradually filter through the
    poor and improve their position . At the same time however , prices were kept high by agreemenys between buisnessmen

Card Set Information

Author:
 ghoran
ID:
 153298
Filename:
 GCSE History
Updated:
2012-05-11 06:58:23
Tags:
USA 1920 part four why did stock exchange collapse 1929
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revision
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