The USA in the 1920s-who didnt benefit

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  • Created by: Heather
  • Created on: 23-03-14 15:14
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  • The USA in the 1920s- who didn't benefit?
    • Economic Boom
      • This is a  simplified  view that all of American 'boomed',
      • This isn't true as blacks, farmers, new immigrants and low-wage earners all missed out,
    • Problems for farmers
      • During WW1, US farmers increased exports to Europe by 300%,
      • Once WW1 ended, Europeans began producing again and the USA was hit with overproduction,
      • High tariffs on American goods meant foreigners didn't buy US goods,
      • Prohibition hit barley production,
    • Industrial Workers
      • Despite huge rises in profits, 80%+, wages only rose by 8%,
      • Many skilled workers were replaced with mechanisation,
      • Throughout the 1920s, unemployment was always higher than 2 million,
      • There was discrimination if workers weren't WASPs- White Anglo Saxon Protestants,
    • Black Americans
      • Racism was high in the South and 75% of the Black population lived there,
      • They were usually poor and lived in squalor and were exploited by rich white landowners.
      • The  Jim Crows Law made this racism legal and led to segregation on buses restaurants etc,
    • Below the poverty line
      • 60% of families were below the poverty line and earned $2,000 a year,
      • This meant they couldn't afford consumer goods and were so poorly paid there was little they could do,
      • Consistently low wages prevented many from benefitting from the boom and some were already in a depression before the Wall Street Crash,
    • Consequences,
      • Rural areas didn't benefit- it was city based,
      • At least half of all Americans didn't benefit from the 1920s boom,
      • Whilst some Americans benefitted greatly, the rest were simply poor and were in a depression before the Wall Street Crash,


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