Results for "economy"

Socials Studies Unit Test (WW1, 1920s, Economy, and 1930s)

Week 8: INSTITUTIONS & POLITICAL ECONOMY

economy part 1

Measures and factors influencing Growth and Development in the global economy

Chapter 14 Forging the National Economy 1790–1860

Indian Economy Before and After Independence

ECON 248 5.1 The Economy's Income And Expenditure

Sectors of Economy

weimar economy

Weimar and Nazi economy

Business - Economy

Social Studies Unit 3: Political Economy

Token economy

Topic 1: The Global Economy

Unit 2: Government's role in economy

The Role of Public Accountants in the American Economy

International Political Economy

Here’s your revised and organized notes: ⸻ Main Causes of the Boom WWI • Took place 1914-1918. • America joined in 1917. • Sold products to Britain and allies throughout the war. • Loaned money to Britain and allies, which was later used to buy war supplies from the USA. • America took over production due to disruptions in Europe. • No post-war destruction in the USA. • More jobs for soldiers when they returned. Government Policies • Republican government helped businesses. • Fordney-McCumber Tariff Act: Placed a tariff on goods imported from abroad. • Encouraged Americans to purchase American goods. • Tax cuts for the rich so more jobs could be created. • More money to buy consumer goods. New Ways to Buy and Sell • Advertising: billboards, magazines, newspapers. • Catalogs: people living in rural America could buy consumer goods. • Hire purchase plan: Spread out costs over a long period of time. Consumer Society • Americans became obsessed with buying things. • Advertisements encouraged people to spend their paychecks on new items, boosting the economy. • Benefited wealthier people, as they had more access to electrical products. Mass Production • Goods were not made by a single person but by many people on a conveyor line. • Ford invented it in 1913 to make his Model T car, which got cheaper every year. • 1925 price of the car: $290 (instead of the earlier $850). • Meant employees had to be trained for only one job on the line. • Goods were produced quickly and in bulk, making them cheaper and increasing profits. • Business owners benefited as they could mass-produce products faster and in better working conditions. ⸻ How Were Their Lives Affected? Factory Workers (Cotton & Wool) • Did not benefit. • Less demand for their products due to man-made fibers such as rayon. • Fashion used less fabric. • Prices fell, factories closed, and people were laid off. • Economic effects: drop in employment. African Americans (Did Not Benefit) • Sharecroppers had to give a portion of their land as rent. • Farmers lost out as there was a much lower demand for food after Europe began to redevelop. • Many Black people without jobs were unable to get new ones due to institutional racism. • Economic and social disadvantages. Farmers (Did Not Benefit) • Europe recovered and didn’t require American crops, leading to high unemployment. • 600,000 people unemployed. • High-tech meant more food was produced, lowering production costs but also leading to oversupply. • Economic struggles as they couldn’t sell goods to Europe, which was self-sufficient. • Combine harvesters and tractors allowed for greater production but didn’t help struggling farmers. ⸻ This structure makes it easier to follow and connects the causes of the boom with its effects

Economy Final Review

Ge 3 (The Global Economy)