Unit 4 Lesson 1: Lesson Review

Front

An area of the production, distribution and trade, as well as consumption of goods and services

Back

Economy

Front

Consumers would make a small down payment and then pay the rest of the debt in monthly installments

Back

Installment Buying

Front

The rapid manufacturing of large numbers of identical products

Back

Mass Production

Front

What model car did Henry Ford introduce in 1908?

Back

Model T

Front

True or False: Henry Ford paid his workers more to keep them at his factories.

Back

True

Front

True or False: The Model T is the first car.

Back

False

Front

A series of stations where steps are taken to construct a product.

Back

Assembly Line

Front

The idea that mass consumption of goods has a positive effect on the economy.

Back

Consumerism

Front

The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.

Back

Credit

Front

Post-war economic growth and recovery led to the formation of a strong _______.

Back

Middle Class