Who else did not benefit from the boom?
A mind map of who else, aside from the farmers, didn't benefit from the boom
- Created by: Eli
- Created on: 29-10-13 14:06
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- Who else did not benefit from the boom?
- Unemployment
- While industries grew, they replaced workers with machines
- The same number of people remained unemployed in the peak of the boom in 1920 as in the rest of the year, yet the amount of goods doubled
- Wages
- In 1928 there was a strike in the North Carolina Coal industry where the male workers were only paid $18 and the women $9 for a 70 hour week, when $48 per week was considered a minimum need to live.
- People in old industries were paid smaller wages
- The majority of Americans were paid less than $48 a week
- 42% lived below poverty line due to insufficient income
- Old industries- coal, leather, textiles
- Wages didn't increase at same rate as other industries
- Coal suffered from competition from oil and electricity industries
- Leather and textiles suffered from competition from new man-made materials
- Competing with cheap labor from southern states
- Poor white Americans, immigrant and African Americans
- Whites didn't benefit from chain stores as they couldn't get discounts
- First to be fired
- A large amount of the unemployed were African American or Hispanic
- Weren't guaranteed credit
- Unskilled/Semi-Skilled Workers
- 3% owned a car, in contrast in areas with a wealthy community, 29% owned one
- Didn't like to buy large items on credit, often bought record players and radios
- Steel, meat and clothing industries in Chicago hired many semi skilled workers, but had "slack" periods, where they'd be unemployed
- Unemployment
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