| Evidence | What It Proves |
|---|---|
| Model T: 12 hours → 93 minutes | Assembly line revolutionised production speed |
| Model T price: $850 → $290 | Mass production made goods affordable for ordinary people |
| 27 million cars on roads by 1929 | Consumer goods became widespread |
| Dow Jones: 63 → 381 (1921-1929) | Stock market rose 500% — speculation was rampant |
| $3 billion spent on advertising by 1929 | New industry of persuading people to buy |
| 60% of cars bought on credit | Hire purchase ("buy now, pay later") fuelled spending |
| 80% of radios bought on credit | Debt was driving the boom |
This key facts covers Key Evidence: The Numbers That Tell the Story within The Economic Boom for GCSE History. Revise The Economic Boom in America 1920-1973 for GCSE History with 12 exam-style questions and 16 flashcards. This is a high-frequency topic, so it is worth revising until the explanation feels precise and repeatable. It is section 4 of 13 in this topic. Use this key facts to connect the idea to the wider topic before moving on to questions and flashcards.
Practice questions for The Economic Boom
By how much did Henry Ford's assembly line reduce the time to build a Model T car?
What was the purpose of the Fordney-McCumber Tariff introduced by Republicans in 1922?
Quick recall flashcards
What was the assembly line?
Moving belt carried parts past stationary workers, each doing one task — Henry Ford's system that made mass production possible
Model T price drop?
$850 (1908) → $290 (1925)