My mother-in-law bought Her first toaster made in China from Wal Mart circa 2000, it burned up in about a week. Since then the toasters i have seen don't burn up but they are incredibly slow and try to make up for it by having more slots. It doesn't help much because usually i want one slice or at most two.
Yes. Asbestos was everywhere at least in the first half of the 20th century. The type, amount used, and typical exposure is not really a concern, however. I'm not aware of any problems caused by using asbestos-containing toasters daily --- on the assumption that if there were, it would've been all over the news.
Did old toasters have asbestos in them?