2a.1 - boom and crash

gnp increase

increased from $73.3bn (1920) to $104.4bn (1929)

car increase

8m cars (1920) to 26m (1929)

how much did the ford model t cost?

$290 in 1925 - accessible to the american public

radio ownership

by the mid 1930s, 75% of us households owned a radio

increase in roads

350000 miles (1920) to 662000 (1929)

consumer borrowing increase

$2bn (1920) to $8bn (1929)

wall street crash

$30bn wiped off share values by end of november 1929

bank closures

between 1921-8, 5000 banks went out of business

'palmer' raids

1920 - 6000 were arrested

commercial radio stations

first was established in 1920 (kdka, pittsburgh) and by 1929, there were 619

kkk membership

4 million (1924) to 200000 (1929)

why did prohibition fail?

the federal government only had 3000 prohibition agents and were paid on average just $2500/year - susceptible to bribery

women in politics

1928 - 145 women had won seats in state legislatures and 2 became state governors. however, politics was still dominated by men

1920s great migration

850000 black americans went from south to north