economic boom

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4 Terms

1
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Mass production

  • introduction of conveyor belt

  • Drop in production times

  • Car prices dropped by $660

  • Impacted other industries needed for car products

2
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Hire purchase

  • rise in employment

  • Pay in individual instalments - encourages purchases

  • 1929 75% cars bought on hire purchase

3
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Advertisements

  • attempts to overwhelm customers

  • 618 radio stations only for advertising

  • 600000 workers

  • Creates consumer society

  • Rise in production, rise in jobs, rise in overall wealth

4
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Consumerism

  • belief that it is good to buy lots of goods

  • People but things they dont need

  • Shopping becomes a leisure activity