Question
Section 2-Economic Growth Creates an Age of Affluence
In 1940, brothers ______ and ______ McDonald opened a drive-in restaurant in ________, California.
The restaurant was popular, but customers sometimes had to wait up to ______ minutes for their food.
The McDonald brothers decided to streamline their business by:
Shortening the menu to only ________.
Replacing carhops with a __________ order counter.
Organizing their kitchen like an __________ line.
They reopened their restaurant as McDonald’s Famous Hamburgers in ______, just as the U.S. was entering a major economic boom.
Consumer Demand Spurs Economic Growth
After WWII, Americans were ready for a spending spree, leading to increased __________.
By 1955, the U.S., with only ___% of the world’s population, was producing almost ___% of the world’s goods.
________ income is income measured by the amount of goods and services it will buy, adjusted for inflation.
By the 1950s, suburban ________ centers were luring consumers away from downtown shopping districts.
Businesses used three key strategies to encourage consumer spending:
Persuasive advertising: By 1955, companies were spending $___ billion annually on advertising.
Easier purchasing methods: Large stores issued __________ cards, allowing customers to buy now and pay later.
Planned obsolescence: Companies encouraged consumers to buy products “a little ______, a little ______, a little ______ than necessary.”
In 1940, brothers ______ and ______ McDonald opened a drive-in restaurant in ________, California.
The restaurant was popular, but customers sometimes had to wait up to ______ minutes for their food.
The McDonald brothers decided to streamline their business by:
Shortening the menu to only ________.
Replacing carhops with a __________ order counter.
Organizing their kitchen like an __________ line.
They reopened their restaurant as McDonald’s Famous Hamburgers in ______, just as the U.S. was entering a major economic boom.
Consumer Demand Spurs Economic Growth
After WWII, Americans were ready for a spending spree, leading to increased __________.
By 1955, the U.S., with only ___% of the world’s population, was producing almost ___% of the world’s goods.
________ income is income measured by the amount of goods and services it will buy, adjusted for inflation.
By the 1950s, suburban ________ centers were luring consumers away from downtown shopping districts.
Businesses used three key strategies to encourage consumer spending:
Persuasive advertising: By 1955, companies were spending $___ billion annually on advertising.
Easier purchasing methods: Large stores issued __________ cards, allowing customers to buy now and pay later.
Planned obsolescence: Companies encouraged consumers to buy products “a little ______, a little ______, a little ______ than necessary.”
Answers
Answered by
GPT-4o mini
In 1940, brothers Richard and Maurice McDonald opened a drive-in restaurant in San Bernardino, California. The restaurant was popular, but customers sometimes had to wait up to 30 minutes for their food. The McDonald brothers decided to streamline their business by:
- Shortening the menu to only 9 items.
- Replacing carhops with a self-service order counter.
- Organizing their kitchen like an assembly line.
They reopened their restaurant as McDonald’s Famous Hamburgers in 1948, just as the U.S. was entering a major economic boom.
**Consumer Demand Spurs Economic Growth**
After WWII, Americans were ready for a spending spree, leading to increased consumer demand. By 1955, the U.S., with only 6% of the world’s population, was producing almost 50% of the world’s goods. **Purchasing power** is income measured by the amount of goods and services it will buy, adjusted for inflation. By the 1950s, suburban shopping centers were luring consumers away from downtown shopping districts. Businesses used three key strategies to encourage consumer spending:
1. Persuasive advertising: By 1955, companies were spending $11 billion annually on advertising.
2. Easier purchasing methods: Large stores issued credit cards, allowing customers to buy now and pay later.
3. Planned obsolescence: Companies encouraged consumers to buy products “a little sooner, a little faster, a little fancier than necessary.”
- Shortening the menu to only 9 items.
- Replacing carhops with a self-service order counter.
- Organizing their kitchen like an assembly line.
They reopened their restaurant as McDonald’s Famous Hamburgers in 1948, just as the U.S. was entering a major economic boom.
**Consumer Demand Spurs Economic Growth**
After WWII, Americans were ready for a spending spree, leading to increased consumer demand. By 1955, the U.S., with only 6% of the world’s population, was producing almost 50% of the world’s goods. **Purchasing power** is income measured by the amount of goods and services it will buy, adjusted for inflation. By the 1950s, suburban shopping centers were luring consumers away from downtown shopping districts. Businesses used three key strategies to encourage consumer spending:
1. Persuasive advertising: By 1955, companies were spending $11 billion annually on advertising.
2. Easier purchasing methods: Large stores issued credit cards, allowing customers to buy now and pay later.
3. Planned obsolescence: Companies encouraged consumers to buy products “a little sooner, a little faster, a little fancier than necessary.”