Republican policies
Natural resources
New technology
State of mind
WWI
100

What was the Republican view on taxes?

Low taxes! Allow people and businesses to keep their money.

100

What are the words for:

Goods that are shipped OUT of the country (to be sold internationally)

Goods that are shipped INTO the country (that are produced internationally)

Exports and imports
100
Henry Ford created this new and transformative method of production in 1913.

The assembly line

100

What do we call a person who purchases products for personal use?

A consumer

100

When was WWI?

1914 - 1918

200

What French term refers to the Republican government's policy to avoid interfering with people's (and businesses) every-day lives?

Laissez-Faire

200

As time went on, the coal industry struggled with over-production as people started using which other resource as a source for electricity?

Oil

200

What was the name of Henry Ford's most affordable car, introduced in 1908?

The Model-T

200

What emotion do the people have to feel in order engage in speculation (buying and selling shares on the stock market)?

Confidence

200
When the USA loaned money to Europe during WWI, they hoped that they would get even more money back. How is this possible?

The loans had interest!

300

Which president said this: “We are nearer today to the ideal of the abolition of poverty and fear from the lives of men and women than ever before in any land.” 


Herbert Hoover

300
Name three American natural resources that are mentioned in the textbook

Coal, steel, glass, cattle and cattle related products, arable farming, oil, iron, gas, wool/animal skins for textiles

300
Cars used to take upwards of 12 hours to build, and only a few were built at a time. However, by the late 1920s, how often was a new Model T car created?

Ever 10 seconds

300

What is it called when an investor pays for only a portion of the share they buy, with the bank loaning the rest?

Buying on the margin

300

How much money did the USA loan to Europe during WWI?

Roughly 7.5 billion dollars.

400

Name an import tariff that was intended to encourage Americans to buy products from within the USA

The Fordney-McCumber Tariff (1922)

400

What two resources are needed to make steel?

Iron and coal

400

In 1900, only 12,000 womens' stockings were sold. Over time, mass production made them cheaper. In 1930, how many stockings had been sold?

300 million

400

What is another term for buying a product on credit (with a loan from the bank)?

Hire purchase

400
During the war, many European countries stagnated while the USA's economy continued to grow. What industry, previously dominated by Germany, did the USA start leading in during the war?

Chemical industries.

500

Name a powerful trust (huge super-corporation) that emerged in 1920s USA?

Rockefeller (Standard Oil), Carnegie (Steel), the American Tobacco Company (cigarettes)

500

Which state had the most oilfields?

Texas

500

How many cars did Americans own (in total) by 1929?

23 million cars

500

By 1929, how many Americans (out of a population of 120 million) were investors in the stock market?

20 million (1/6th of all Americans!)

500

The war encouraged America to improve and expand it's aircraft technology. As a result, the amount of civilian (non-military) flights rose from nearly zero in 1918, to __________ flights per year in 1930.

162,000

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