THE ROARING 20S 1920 1929
AMERICAN POLITICS IN THE 1920S
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Mass production
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Open shop
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Welfare capitalism
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Assembly line
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Detailed explanation-1: -Mass production is the manufacturing of large quantities of standardized products, often using assembly lines or automation technology. Mass production facilitates the efficient production of a large number of similar products.
Detailed explanation-2: -A monopoly is a market structure that consists of only one seller or producer. A monopoly limits available substitutes for its product and creates barriers for competitors to enter the marketplace. Monopolies can lead to unfair consumer practices.
Detailed explanation-3: -What were four new industries besides the automobile industry that grew in importance during the 1920s? Steel, garages, mechanics, gas station, consumer goods, radios because the people have the cars and need all this stuff.