Lets-Get-An-A*

This is my second blog, i have made it for revision purposes, I shall be posting things that will appear on my upcoming GCSEs

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Key Words USA 1919-41

isolationism: A policy of remaining apart from the affairs or interests of other groups, esp. the political affairs of other countries.

tariffs: A tax or duty to be paid on a particular class of imports or exports.

immigration: 1)The action of coming to live permanently in a foreign country. 2)A government department dealing with applications from foreign citizens who wish to live in a particular country.

quota: 1)A limited or fixed number or amount of people or things, in particular. 2)A limited quantity of a particular product that under official controls can be produced, exported, or imported: "an import quota on oil".

Republican: (of a form of government, constitution, etc.) Belonging to or characteristic of a republic. A person advocating or supporting republican government.

democrat: 1)An advocate or supporter of democracy. 2)A member of the Democratic Party.

president: 1)The elected head of a republican state. 2)The head of a society, council, or other organization.

discrimination: 1)The unjust or prejudicial treatment of different categories of people or things, esp. on the grounds of race, age, or sex. 2)Recognition and understanding of the difference between one thing and another.

segregation: 1)The action or state of setting someone or something apart from other people or things or being set apart. 2)The enforced separation of different racial groups in a country, community, or establishment.

prohibition: 1)The action of forbidding something, esp. by law. 2)A law or regulation forbidding something

organised crime: Ongoing conspiratorial enterprise engaged in illicit activities as a means of generating income (as black money). Structured like a business into a pyramid shaped hierarchy.

poverty: 1)The state of being extremely poor. 2)The state of being inferior in quality or insufficient in amount.

prosperity: The state of being prosperous.

prosperous: 1)Successful in material terms; flourishing financially. 2)Bringing wealth and success.

mass production: the production of large quantities of a standardized article (often using assembly line techniques).

hire purchase: a system for purchasing merchandise, such as cars or furniture, in which the buyer takes possession of the merchandise on payment of a deposit and completes the purchase by paying a series of regular instalments while the seller retains ownership until the final instalment is paid

advertising: The activity or profession of producing advertisements for commercial products or services.

cinema: 1)A movie theater. 2)The production of movies as an art or industry.

loans: A thing that is borrowed, esp. a sum of money that is expected to be paid back with interest.

overproduction: too much production or more than expected.

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The US started the 20th century as a country with enormous potential, and finished the century as the world's only superpower. Yet there are twoways of looking at this powerful nation in the 1920s - as a wealthy country with a high standard of living, big cars and large houses, or as a country with many people living in poverty and some enduring terrible racism.

BBC Bitesize

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Wall Street Crash lead to the Great Depression of America

H. Hoover said there would be a 'Chicken in every pot'-because America had been booming even though around 70% of Americas lived in poverty.

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Don't bring the man to work, bring the work to the man. 

Mass Production 

Definition of 'Mass Production'

The manufacturing of large quantities of standardized products, frequently utilizing assembly line technology. Mass production refers to the process of creating large numbers of similar products efficiently. Mass production is typically characterized by some type of mechanization, as with an assembly line, to achieve high volume, the detailed organization of materials flow, careful control of quality standards and division of labor. 

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Hire Purchase

Goods could often be bought on Hire Purchase -people paying a deposit and then paid off the rest in installments. 

Definition of 'Hire Purchase'

A method of buying goods through making installment payments over time. The term hire purchase originated in the U.K., and is similar to what are called "rent-to-own" arrangements in the United States. Under a hire purchase contract, the buyer is leasing the goods and does not obtain ownership until the full amount of the contract is paid.

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The economy boomed well because:

1. America had a great stock of natural resources to work with which they found out they had after World War One.

2. America took over many of the overseas markets because Europe were recovering from their losses in the First World War.

3. The development of technology led to many new and exciting products for example fridges, radios and vacuum cleaners. Many of these were laborsaving devices. Industries were modernised and became more efficient with new machines.

4. New manufacturing techniques such as mass production meant that products could be made cheaply and efficiently.

5. Advertising was introduced on a large scale. This persuaded the American citizens to buy goods and many industries became very rich.

6. Credit made it easier for the middle-classes to buy expensive things. Credit is when you can pay for something in manageable installments.

7. Confidence in the stock market grew considerably. People believed that the boom would never stop so it became self-generating. It became fashionable to spend money.

8. The Republican Presidents of the USA held the policy that they wouldn't interfere with business and wouldn't take any control of financial institutions also lowered taxes on the companies' income, giving the wealthy more money to invest in businesses. This meant that businesses did extremely well.

9. After World War One the Americans decided to change their attitude. Instead of having the attitude of saving money they decided to change it to 'Live the dream'. This meant they would now live their dream and spend all their money

Always link back to something called the Cycle Of Prosperity.

It goes like this.........

Spending ->Companies get more profit -> Companies use profit to expand in business -> Jobs available -> Confidence in spending money since they have got a flow of income... and then back to the top.

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1920s America- The Cycle Of Prosperity