history ch 20.3 – Flashcards

High tariffs on foreign foods, reduced income taxes, wages rise

changed American landscape built gas stations, roads, shopping centers, more freedom to travel - model T ford economic boom

houses could get electricity more homes now have electric/fridge/ranges distributes electric power efficiency over long distances could transmit electricity over ???

numerous business mergers of companies that manufactured automobiles, steels and electrical equipment productivity up = business up

started as mail service pan American airlines - inaugurated the first transatlantic passenger flight in 1927 trimotor airplane

advertising agencies hired psychologists to study people's desires "say it with flowers" business names became more familiar mouthwash became a necessity billboards

enabled people to buy goods over an extended period without having to put down much money at time of purchase

the iron and railroad industries among others were very prosperous businesses grew introduce installment plan railroad declines

suffered losses with new machinery they were producing more food than what was needed which drove down prices

Growing income gap between workers and managers installment and buying gets out of hand 75% of all household goods bought on credit Losses of farmers, railroads, ?? companies

America's standard of living went up (80%) People start purchasing cars and gives them a "sense of freedom" Electricity was no longer restricted to Central cities which allows ??? freezes Stores started to rapidly spread (growth of advertising) Credit starts to make people buy more goods

America's standard of living went up (80%) People start purchasing cars and gives them a "sense of freedom" Electricity was no longer restricted to Central cities which allows ??? freezes Stores started to rapidly spread (growth of advertising) Credit starts to make people buy more goods