Topic 12 Lesson 4

an increase in cooperative innovation

a decrease in manufacturing jobs

an increase in consumer debt

an increase in personal savings

It extended the average work week.

It lowered consumer costs.

It increased the supply of consumer goods.

It decreased the gross domestic product per capita.

assigning a team to each car.

dividing operations into simple tasks.

reducing the number of parts needed.

training each worker to do every task.

installment plan

assembly line

credit industry

mechanical adjustment

People could live farther from their places of work.

People moved from the suburbs to the city.

The mail delivery system expanded across the country.

Workers did not commute anymore.

People did not have to wait and save to buy something they wanted because they could use credit

People had to have delayed gratification until they could afford to buy something

Buying goods with credit was out of reach of most Americans during the 1920s

US farm output outpaced demand for farm products

farmers could not produce enough food to provide for the nation

crop prices went down

farmers produced surpluses but couldn't sell them overseas due to the Fordney-McCumber Act

debt consolidation

credit frenzy

charge off

installment plan

airplane

trolley

automobile

boat

By linking their products with social status and preying on peoples' fears and anxiety

By linking their products with Americans' more local communities

by promoting heavily discounted prices

By encouraging people to save money and invest in stocks