0
What impact did the auto industry have on the economy in the 1920's?
Wiki User
∙ 13y ago
The mass production of automobiles in the 1920's affected the economy of the United States because mass production made technology affordable to the middle and lower classes because the mass production made it cheaper and quicker to build so more people could afford them. Because of this it developed all sorts of businesses that required transportation. The automobile industry's effects contributed to the construction of highway buildings, motels, service stations, used car dealerships and new housing outside the range of mass transportation.
Wiki User
∙ 9y ago
Wiki User
∙ 13y agoThe auto industry during the 1920's was primarily fueled by Henry Ford and his systems. Because of his massive assembly lines, Ford motors was able to employ many people. He also gave his workers a wage and hours that were unprecedented at that time. They were paid $5 a day for eight hours of work. Thanks to this and his cars, Owning a personal vehicle became more readily available for average citizens as even his employees were able to afford his cars.
Wiki User
∙ 13y agoIt made lots of noise and pollution. It also reduced horse crap in the cities. Also, it made people live in suburbs.
Add your answer:
Earn +20 pts
How did the auto industry help the economy of the middle west?
It was the best transportation.
If the US government took over the auto and steel industries how would this affect our economy?
our mixed economy would become less of a command and more of a traditional economy.
What are some examples of oligopolies in the US?
Auto Industry, Airline Industry, Soft Drink ( Pepsi, Coke, Cadbury-Shweppes )
What are three things that have shifted the demand for US automobiles?
1. What is the current market structure of the big three auto industry?2. What are three things that have shifted the demand for U.S. automobiles?3. What are three things that have shifted the supply of U.S. autombiles?4. Are U.S. luxury automobiles (over $50,000 sticker price) elastic or inelastic to the family considered "middle class"? Why?5. What do you expect will happen to the U.S. GDP without the contributions of the U.S. auto industry should there be a total collapse of the big three auto makers? Why?6. What does the TARP funds paid to the U.S. auto industry have to do with our monetary policy and the impact on the value of the U.S. dollar?7. Which treasury policy tools do you think work best to help the U.S. auto industry? Why?8. Name two things that the U.S. would have in terms of a competitive advantage over other nations as it relates to automobiles?9. Name two things that another nation(s) would have in terms of a competitve advantage over the U.S. in terms of automobiles?10. What are two major international trade issues concerning the U.S. auto industry? Why is it a concern?
Which contributes more to GDP the production of an economy car or the production of a luxury car?
Luxury car as the auto maker makes more profit on the expensive car, thus putting more back into the economy.
How did the auto industry help the economy the middle west?
It didn't!!
How did the auto industry help the economy of the middle west?
It was the best transportation.
Growing industry during the 1920s?
the auto mobile quickly became popular followed by radios and other technology
What is the driving force of the US economy?
The driving force of the American economy and what makes it unique is its financial industry. Credit cards, mortgages, auto loans etc allow Americans to get what they want sooner than those in other countries who save. I personally think that this is not a very good thing but at the moment the financial industry is driving the american economy.
Is the fatality rate higher in the auto industry or in the airplane industry?
The auto industry. Statistically, flying is the safest way to travel.
What would be an Industry?
Auto Industry Textile Industry is a couple for starters
What does Section A in the Auto Industry mean?
it means auto
Why do people leave Michigan?
Michigan was and is overly dependent on the domestic auto industry. With the near-collapse of that industry, the economy of Michigan is unable to generate enough jobs for the population. Residents move out of the state for employment opportunities.
Where is largest auto industry?
Here in the USA. GM is the largest auto industry. They own Pontiac, hummer, GMC, and more!
Is auto mechanics an example of industry?
no
Who initiated the rescue of the US auto industry?
Most sources credit President Obama with taking the initiative to rescue the auto industry.
What contributed to the downfall of the auto industry?
the government
