Prosperity in the 1920s
A __________ ___________ is a business owned and controlled by a company headquartered in another company
Branch Plant
To make or become a uniform part of a larger group is to _______________
Assimilate
The _________ ____________ is the place where stocks are bought and sold; the buying and selling of stocks and bonds; the price of stocks and bonds across the country
Stock Market
Financial aid paid from the public (government) funds and given to the poor by the government is called _________ _____________
Public Relief
List and explain three causes of the great depression.
The causes of The Great Depression were:
The Stock Market crash
Manufacturing practices such as producing too many goods
The drop in international trade
_____________ _______________ are industries that use the products of nature as raw materials
Primary Industries
An ________________ _______ is a debt to be paid at regular times that includes interest
Installment Plan
A fee paid for the use of someone else’s money; a bank pays interest on savings and a borrower pays ____________ on a loan
Interest
A ____________ ___________ is one where income and expenditures are equal; the avoidance of debt
Balanced Budget
Money raised during wartime, especially from people with small incomes was called ___________ ________
A ____________ is a tax placed on foreign goods imported into a country
Tariff
How did the availability of credit change peoples lives?
The availability of credit changed peoples lives because they could afford to purchase many things that they could not afford before. They were able to live with many more material things.
One of the parts into which the ownership of a company is divided; _________ in a company can be bought or sold depending on the stock market
Share
Things built by the government using taxes for the benefit of society are called _________ __________
Public Works
Money to be shared by those to whom it belongs; if a company makes a profit, it declares a ____________ to the shareholders, or owners, of the company
Dividend
How would the assembly line and mass production increase profits for a company?
The assembly line and mass production increased profits for companies because production was now much faster, and machines replacing people meant less workers had to be paid to do the work. Due to this, companies made more money because of less expenses.
How did new technology impact lifestyles in the 1920’s?
Technology impacted lifestyles in many ways. For example:
It created many jobs for people because there was so much new technology to be made in factories and people had to run those factories.
People had many new things in their home and life was fun and easy
The capital of a company divided into portions or shares of uniform amount that can then be bought and sold are called ____________
Stocks
How did people try to cut expenses during the Depression?
People did not purchase luxury items. People also used hand-me-down clothing and items, rationed food and materials for living, and even sent children away with family to have less mouths to feed.
How would the assembly line and mass production increase profits for a company?
The assembly line and mass production increased profits for companies because production was now much faster, and machines replacing people meant less workers had to be paid to do the work. Due to this, companies made more money because of less expenses.
How did the availability of electrical power affect manufacturing?
The availability of electrical power affected manufacturing by making things faster and easier to make. Electricity and industrialization made production much faster since manual labour was replaced with machines.
How did women’s life change in the 1920s? What did the new fashions suggest about women?
Women’s lives changed a lot in the 1920’s, because they were given more freedom to be themselves and go out and have fun. In the 1920’s women’s fashion became more revealing, suggesting that women were more free and were trying to be independent from their husbands/male acquaintances. Women did not have to uphold the same uptight image as before, and they were free to have fun.
How could investing both help and hurt the economy? Explain.
Investing can help the economy because giving money to the government will allow them to spend more money on the people, however, if the stocks begin to decrease in value and people pull their stocks, the economy can crash, which led to the Great Depression in the 1920’s.
Why were rural people in Central and Eastern Canada able to cope better than urban Canadians or farmers on the Prairies?
Rural people were better able to cope with the Great Depression because in rural areas, there were already less funds around. Also, they were often able to grow their own food or resources, and this helped with prices of living.
________________ ___________ are manufacturing.
Secondary Industry