THE ROARING 20S 1920 1929
AMERICAN ECONOMY IN THE 1920S
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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impact of the automobile
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impact of the young airplane industry
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impact of modern advertising
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impact of installment plan
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Detailed explanation-1: -After peaking at a record 12.87 million units in 1978, sales of American-made cars fell to 6.95 million in 1982, as imports increased their share of the U.S. market from 17.7 percent to 27.9 percent. In 1980 Japan became the world’s leading auto producer, a position it continues to hold.
Detailed explanation-2: -Answer and Explanation: The automobile greatly impacted the American landscape. It allowed people to travel away from home, many for the first time. The automobile encouraged the development of suburbs, allowing people to move out of cities into healthier environments.
Detailed explanation-3: -Newly developed innovations like radios, phonographs, vacuum cleaners, washing machines, and refrigerators emerged on the market during this period. These new items were expensive, but consumer-purchasing innovations like store credit and installment plans made them available to a larger segment of the population.
Detailed explanation-4: -In 1913, Henry Ford invented the assembly line. It was a moving line where the workers added parts to assemble an entire car. It allowed a car to be assembled in just over one hour. Considering it was easier and faster to make a car, they became cheaper and more accessible.