Roaring 20's #3

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  • Created by: jessica
  • Created on: 04-06-13 15:45
Compaines could sell shares where?
Companies could sell shares on the stock exchange
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Who then were the shares bought by?
The shares were bought by investors who hoped to sell them a a higher price
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who else would invest in shares?
Many ordinary American's started to invest in shares
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Why would ordinary Americans start to invest in shares?
The more people bought shares the more the demand would raise.
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Many American's borrowed money to pay for their purchase of shares, why?
They did this because they were confident they would be paid back as well with profit as the value of their share raised.
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What issue did the banks have at the peak of shares popularity?
The banks lent out more money than they had however they were confident they would make a profit
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The government encouraged low taxes and little involvement within businesses, what type of government does this make them and what do they believe in?
This indicates that the government believes in lassiez fair and rugged indivualism
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During the 1920's in America what people were better off?
During the 1920's in America white American people were better off than anyone else.
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Which country had the largest national income at this time?
The national income of the USA was bigger than Britain, Japan, Germany, France and 18 other countries put together
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What people were exploited at this time by bad working conditions and low wages?
Workers in the old industries and Blacks.
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Why did farmers suffer badly at this time?
Farmers struggled because of over production and consequent low prices, they would fall into debt and loose their land.
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What were the restrictions on immigration in America before World War One?
Before the First World War there were no restrictions on immigrants. There were more religions and more languages in the USA than in any other country
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In 1917 a law was passed which concerned immigrants, what was this law?
In 1917, a law passed that imposed a literacy test on immigrants which favoured mostly whites and Protestants.
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After the World War ended, what did the Americans fear?
After the War ended, there were fears that millions of Europeans would flood to the USA
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In 1921 the congress passed an act, what was this act?
In 1921, Congress passed the Emergency Quotas Act
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What did this mean?
which meant the number of people admitted into the USA in any one year was limited.
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In 1924, what act was passed concerning the immigrants?
In 1924, the National Origins Act was passed which restricted the immigration even more to just 150,000.
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Other cards in this set

Card 2

Front

Who then were the shares bought by?

Back

The shares were bought by investors who hoped to sell them a a higher price

Card 3

Front

who else would invest in shares?

Back

Preview of the front of card 3

Card 4

Front

Why would ordinary Americans start to invest in shares?

Back

Preview of the front of card 4

Card 5

Front

Many American's borrowed money to pay for their purchase of shares, why?

Back

Preview of the front of card 5
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