USA HISTORY

THE ROARING 20S 1920 1929

AMERICAN ECONOMY IN THE 1920S

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Mass production and mass consumption (demand) contributed to
A
Consumer debt
B
Less reliable electrical appliances
C
Less leisure time for women at home.
D
All of these
Explanation: 

Detailed explanation-1: -Anything consumers needed or desired could be made in larger quantities. Mass production resulted in lower prices of consumer goods. Eventually, economies of scale resulted in the most affordable price of any product for the consumer without the manufacturer having to sacrifice profits.

Detailed explanation-2: -Mass production reduced the cost of goods and this resulted in mass consumption.

Detailed explanation-3: -mass production is the manufacture of large quantities of standardized products, frequently utilizing assembly line technology. mass consuption is the use or purchase of goods or services by a large number of people.

Detailed explanation-4: -Fordism is a manufacturing technology that serves as the basis of modern economic and social systems in industrialized, standardized mass production and mass consumption. The concept is named after Henry Ford.

There is 1 question to complete.