US History A Level - THEME 4 - The Changing Quality of Life: 1917 - 1980

How much did consumer debt rise by from 1920 to 1929?

Went from $3.3 billion to $7.6 billion

From 1917 to 1930 how many more homes where then wired with electricity?

Around 16.5 million

Define a Bull market

When share prices rise and people expect this to continue

When was the Federal Reserve Board (Fed) set up?

1913

Define a Bear Market

When the price of shares falls and people expect the fall to continue

What fraction of all banks in operation before the crash were then bankrupt in 1933

One third

What was the economic decline in 1938 - 39 called?

The ‘Roosevelt Recession’

By what percentage did the workforce unemployment rise by from 193 to 1931

7%

In 1949 what Act was introduced to build low-income housing?

The 1949 National Housing Act

How many low-income housing units did the 1949 National Housing Act build?

810,000

When was Nixon’s Emergency Employment Act

1971

From 1950 to 1960 what did the percentage of households that owned TVs start at and what did it rise by?

It went from 9% to 85%

In a 1959 survey how much money did it say that teenagers spent a year?

$10 billion

In 1940 what percentage of people owned their homes and what did this rise to 1960?

44% to 62%

In 1949 what percentage of the country’s wealth did the richest one percent control?

21%

In 1960 roughly what was the average income for a while family compared to a black family?

For a white family it was $5800 and a black family $3200

In 1966 what percent of white Americans and what percent of non-white Americans were living below the government defined poverty line?

12% of white Americans and 41% of non-white Americans

When did the 1965 Medicare Act do?

It took a small contribution from people’s social security payments and would guarantee then free medical care at an old age

When was the Medicare Act instated?

1965