The Roaring Twenties - A period of great economic prosperity, and political and social change in The United States following WW1. Example: Mass production of products made it possible for people all over the country to enjoy the same literature and music which created a mass cultural movement.
Assembly Line- The process by which products are mass produced in factories by people or machines, each with specific tasks rather than having one person create the whole product. Example: Henry Ford installed the first moving assembly line in 1913 for mass production of automobiles.
Conservatism- A disposition to prefer traditional institutions and culture to changing ones. Example: Following WW1 the United States went through a period of conservatism due to isolationist tendencies and anti-immigrant ideologies.
Installment plan- Paying for a good or service in small portions over a period of time rather than in one lump sum up front. Example: The introduction of the installment plan allowed middle or lower class Americans to purchase appliances out of catalogs that the otherwise wouldnt be able to afford with their monthly wages.
Boll Weevil- A term that refers to southern democrats in the mid to late 20th century. Example: Franklin D. Roosevelt was considered a Boll Weevil because of his democratic views and his southern upbringing (a somewhat rare combination).
Entrepreneur- A business person that has a large amount of risk (and reward) in their business due to their majority ownership. Example: Door to door salesmen relied on sales rather than an hourly wage for their income.
Great Depression- The economic crisis starting with the stock market crash of 1929 which was due to loans and credit that wasn't paid back by consumers. Example: The Great Depression in the United States lasted from 1929-1939, and was due to bad credit (a very new idea at the time, with very little government restrictions or controls).
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