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.
📊 Key Evidence: The Numbers That Tell the Story
| 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 |
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)