12.3 (U.S. History) The Business of America – Flashcards

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Calvin Coolidge
answer
new president who favored government policies that kept taxes down and business profits up and gave businesses more available credit in order to expand; succeeded Warren Harding as president
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urban sprawl
answer
unplanned and uncontrolled spreading of cities into surrounding regions
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installment plan
answer
an arrangement in which a purchaser pays over an extended time, without having to put down much money at the time of purchase
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status symbol
answer
possession believed to enhance the owner's social standing
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What fueled the business boom of the 1920s?
answer
consumer goods
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What launched the era of modern consumerism in the United States?
answer
business, technological, and social developments of the 1920s
question
What became the backbone of the American economy in the 1920s and profoundly altered the American landscape and American society?
answer
the automobile
question
What was the goal of both Calvin Coolidge and his successor Herbert Hoover?
answer
to keep taxes down and profits up, and give businesses more available credit in order to expand; they wanted to keep government interference to a minimum and allow private enterprise to flourish
question
What was the impact of the automobile on America?
answer
1. it liberated the isolated rural family, who could now travel to the city 2. it gave families the opportunity o vacation i new and faraway places 3. it allowed both women and many young people to become more independent through increased mobility 4. it allowed workers to live miles from their jobs, resulting in urban sprwal 5. provided an economic base for cities 6. it drew people to oil-producing states 7. it became a status symbol
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What symbolized the success of the free enterprise system and the Coolidge era?
answer
the auto industry
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About how many people in the United States owned an automobile?
answer
about 80%
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Who made a trimotor airplane in 1926?
answer
Henry Ford
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Whose transatlantic flights helped to promote cargo and commercial airlines?
answer
Charles Lindbergh and Amelia Earhart
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What company produced the single-engine Vega, one of the most popular transport planes of the late 1920s?
answer
Lockheed Company
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Founded in 1927, what airline inaugurated the first transatlantic passenger flights?
answer
Pan American Airways
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What did the development of alternating electric current make possible?
answer
the distribution of electrical power efficiently over long distances
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How did appliances such as the electric iron, the electric refrigerator, cooking ranges, and toasters impact the lives of the American housewife?
answer
made the lives of housewives easier, freed them for other community and leisure activities, and coincided with a growing trend of women working outside the home
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Why did American advertisers hire psychologists?
answer
to study how to appeal to people's desires for their products
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What industries suffered during the 1920s?
answer
1. textile and steel manufacturers 2. mining and farming 3. iron and railroad
question
Why were farmers deeply in debt during the 1920s?
answer
they had borrowed money to buy land and machinery so they could produce more crops during WWI; when European agriculture bounced back the demand for US fell, as did prices, creating surpluses
question
In addition to advertising, how else did industry lure consumers into buying goods?
answer
easy credit
question
Why did some economists and business owners worry that installment buying might be getting out of hand?
answer
because it was a sign of fundamental weaknesses of a superficial economic prosperity
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question
Calvin Coolidge
answer
new president who favored government policies that kept taxes down and business profits up and gave businesses more available credit in order to expand; succeeded Warren Harding as president
question
urban sprawl
answer
unplanned and uncontrolled spreading of cities into surrounding regions
question
installment plan
answer
an arrangement in which a purchaser pays over an extended time, without having to put down much money at the time of purchase
question
status symbol
answer
possession believed to enhance the owner's social standing
question
What fueled the business boom of the 1920s?
answer
consumer goods
question
What launched the era of modern consumerism in the United States?
answer
business, technological, and social developments of the 1920s
question
What became the backbone of the American economy in the 1920s and profoundly altered the American landscape and American society?
answer
the automobile
question
What was the goal of both Calvin Coolidge and his successor Herbert Hoover?
answer
to keep taxes down and profits up, and give businesses more available credit in order to expand; they wanted to keep government interference to a minimum and allow private enterprise to flourish
question
What was the impact of the automobile on America?
answer
1. it liberated the isolated rural family, who could now travel to the city 2. it gave families the opportunity o vacation i new and faraway places 3. it allowed both women and many young people to become more independent through increased mobility 4. it allowed workers to live miles from their jobs, resulting in urban sprwal 5. provided an economic base for cities 6. it drew people to oil-producing states 7. it became a status symbol
question
What symbolized the success of the free enterprise system and the Coolidge era?
answer
the auto industry
question
About how many people in the United States owned an automobile?
answer
about 80%
question
Who made a trimotor airplane in 1926?
answer
Henry Ford
question
Whose transatlantic flights helped to promote cargo and commercial airlines?
answer
Charles Lindbergh and Amelia Earhart
question
What company produced the single-engine Vega, one of the most popular transport planes of the late 1920s?
answer
Lockheed Company
question
Founded in 1927, what airline inaugurated the first transatlantic passenger flights?
answer
Pan American Airways
question
What did the development of alternating electric current make possible?
answer
the distribution of electrical power efficiently over long distances
question
How did appliances such as the electric iron, the electric refrigerator, cooking ranges, and toasters impact the lives of the American housewife?
answer
made the lives of housewives easier, freed them for other community and leisure activities, and coincided with a growing trend of women working outside the home
question
Why did American advertisers hire psychologists?
answer
to study how to appeal to people's desires for their products
question
What industries suffered during the 1920s?
answer
1. textile and steel manufacturers 2. mining and farming 3. iron and railroad
question
Why were farmers deeply in debt during the 1920s?
answer
they had borrowed money to buy land and machinery so they could produce more crops during WWI; when European agriculture bounced back the demand for US fell, as did prices, creating surpluses
question
In addition to advertising, how else did industry lure consumers into buying goods?
answer
easy credit
question
Why did some economists and business owners worry that installment buying might be getting out of hand?
answer
because it was a sign of fundamental weaknesses of a superficial economic prosperity