Definitions
Fluctuations in aggregate economic activity.
What is Business Cycle?
The zone more Americans lived in.
What is urban areas?
The war that prefaced the 1920's.
Which company revolutionized automobiles during this time?
What is Ford?
What was the modern consumer appliance market?
A good or service that is used in the process of producing other goods and services.
What was The Housing Boom?
This interested business men and regular alike, causing many economic and social shifts.
What is the stock market?
What was one of Ford's key reasons they accelerated their trajectory?
What is the assembly line?
What is steam power and labor productivity?
When the market price diverges from the fundamentals of supply and demand.
What is Asset Price Bubble?
The amount housing values rose by 1926.
What is 43%?
This made the coal mining industry have trouble in the 1920's.
What is the industry shift to electricity and oil?
The most important model Ford was prouducing at the time.
Model T
Places that didn't electricity till the late 1930's due to private utilities finding it unprofitable.
A fund that pools the savings of a large number of small investors and invests them into a portfolio of bonds, stocks, and other assets.
Industries that struggled due to the new advances as well as past obstacles.
What is agriculture, coal mining, and textiles?
Other products Ford helped bring along and up.
What is steel, rubber, and glass?
The name for the new electric products being put in the market.
What are White Goods?
The interest rate that the Fed pays banks to hold money in their reserves; this rate serves as a "floor" for the policy rate (Fed funds rate). This is the primary tool of monetary policy in the U.S.
What is Interest On Reserve Balances Rate (IOR)?
What was "Buying on time"? (credit cards)
Two industries that exploded in popularity and use in the Roaring Twenties.
What are the Automobile and Radio Industry?
What is The Federal Aid Highway Act of 1921? (funded a national network of routes, nearly tripling mileage of paved roads in 1929)
What percentage of homes now had electricity and items such as electric fridges, vacuum cleaners, and washing machines?
What is roughly 63%