Electricity
How did electricity affect prices?
Electricity allowed businesses to cut down prices
Who was the first to make cars that ordinary people could afford?
Henry Ford
Why were customers so interested in Installment Buying?
They were able to buy appliances, but didn’t have to pay it all at one time, they were able to pay it over time.
What was the main reason people got into debt?
Installment Buying.
What is Productivity?
The amount of work each worker could do
Who benefited from the automobile invention taking off?
The Steel, rubber, and glass industries, businesses, along with road workers and suburb workers.
How did stores trick customers when installment buying?
Stores made customers think it was a deal when really at the end the interest would make the customers pay even more.
Did electricity and automobiles become popular or unpopular during this time period?
They became very popular
How did businesses treat their workers now?
Treated them much better
Who did not benefit from the automobile invention taking off?
Railroad workers and companies.
What is installment buying?
Promising to pay small, regular amounts over a period of time.
What is one way transportation changed American lives?
People traveled for pleasure; people could live further away from work
What did electricity replace as a power source for transportation of goods?
Coal
Did consumers benefit from the automobile industry?
What did stores do when customers didn’t pay them back in time or forgot a payment?
Stores went to the customers house, took the appliance away from them, and made them pay full price back because they used it leaving customers in debt, and after they would resell it at their store.
Who created the first automobiles ordinary people could afford
Henry Ford
Due to this new electricity power in the United States, what was happening to the workers?
Many workers lost their jobs
What buildings grew due to the automobile industry?
Gas stations and rest stops
What were customers left in after they bought appliances through installment buying
Customers were left in debt after they bought appliances through installment buying, most times it was a lot of debt