Starter quiz
- What best describes the effect of laissez-faire policies?
- governments avoid interfering with the economy ✓
- governments interfere with the economy
- governments take complete control over the economy
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- What happened to the US economy in the 1920s?
- experienced no growth
- experienced some growth
- experienced significant growth ✓
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- Why did countries like Britain and France have to pay large sums of money to the USA during the 1920s?
- Britain and France owed the USA reparations for damages caused during WWI
- Britain and France promised aid to the USA after WWI
- Britain and France owed the USA for loans taken out during WWI ✓
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- Which products are consumer goods?
- cars ✓
- cranes
- radios ✓
- railways
- ships
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- Write the missing word. The US experienced a cycle of ______ as different causes of economic growth affected one another and accelerated growth.
- 'prosperity' ✓
- Sort the following into order to explain how hire purchase schemes contributed to economic growth.
- 1⇔consumers allowed to buy goods by making small payments spread out over time
- 2⇔more people can afford to purchase consumer goods
- 3⇔sales of consumer goods increase
- 4⇔production of consumer goods increases to meet higher demand
- 5⇔businesses employ more workers and incraese wages
Exit quiz
- Match each keyword with its correct definition.
- trade union⇔an organisation of workers formed to protect their interests ✓
- strike⇔a period of time when people refuse to work ✓
- assembly line⇔production line in a factory where goods are produced ✓
- investment⇔the act of putting money into a business ✓
- Write the misisng word. Henry Ford did not allow his employees to organise into trade ...
- 'unions' ✓
- Match each of the statistics with the value which represents them.
- cost of a Model T in 1911⇔$800 ✓
- cost of a Model T in 1928⇔$295 ✓
- profits of Henry Ford by 1928⇔$2500 ✓
- Write the missing word. Assembly lines allowed workers to become more ______ so manufacturing became quicker and cheaper.
- 'productive' ✓
- Identify the spin-off benefit of the boom in car production.
- Henry Ford became one of the richest businessmen in the world
- 15 000 000 Americans purchased Model T's
- investment in the US oil industry increased ✓
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- How did increased car ownership affect housing in the USA?
- it encouraged many car owners purchase multiple homes
- it encouraged some car owners to move ✓
- it encouraged some car owners to give up their homes completely
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Worksheet
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Lesson Details
Key learning points
- Henry Ford developed an assembly line to speed up production.
- Cars became more affordable throughout the 1920s due to mass production and increases in popularity.
- New roads and housing complexes were built to accommodate the new cars and people's changing habits.
- The motor industry generated investment and led to a boom in other industries like oil and hospitality.
Common misconception
The benefits of mass production in the car industry were felt equally by all groups.
Mass production benefited consumers and businesses greatly but workers suffered from monotonous work and restrictions on trade unionism.
Keywords
Assembly line - an assembly line is a production line in a factory where goods are produced in large numbers
Trade union - a trade union is an organisation of workers formed to protect their collective interests
Strike - a strike is a period of time when people refuse to work in order to demand better working conditions
Investment - the act of putting money into a business is known as an investment
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