Inequalities of wealth (AQA GCSE History): Flashcards
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No. of American millionaires by 1927
No. of American millionaires by 1927
15,000
% of national income controlled by wealthiest 5%
% of national income controlled by wealthiest 5%
33%
Annual income of bottom 42% of Americans (1920s)
Annual income of bottom 42% of Americans (1920s)
Less than $1,000
No. of families earning under $1,000/year
No. of families earning under $1,000/year
Over 6 million
Why farmers prospered during WWI
Why farmers prospered during WWI
Europeans unable to produce food, high demand for US crops
What Europeans did to US food imports in 1920s
What Europeans did to US food imports in 1920s
Recovered agriculture & imposed protective tariffs
No. of farmers who lost farms in 1924
No. of farmers who lost farms in 1924
Over 500,000
What sharecropping was
What sharecropping was
Renting land, paying rent with portion of crop yield
Where most African Americans worked (1920s South)
Where most African Americans worked (1920s South)
As agricultural labourers or sharecroppers
Who seized Native American land
Who seized Native American land
Mining and ranching companies
Type of land Native Americans forced onto
Type of land Native Americans forced onto
Least fertile, unproductive reservation land
Impact of oil/electricity on coal industry
Impact of oil/electricity on coal industry
Reduced demand, mine closures, unemployment
Impact of synthetic fabrics on cotton/wool
Impact of synthetic fabrics on cotton/wool
Decreased demand, job losses, wage reductions
What happened to skilled workers in 1920s boom
What happened to skilled workers in 1920s boom
Had to accept lower-paid, unskilled positions