History- boom 1920s
- Created by: jameshasswag
- Created on: 12-04-14 12:43
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- America and the Roaring 20s
- Key terms and people
- Coolidge
- Harding
- Hoover
- Harding
- Replicans
- Coolidge
- isolationist
- Self Help
- Tariffs
- Coolidge
- Wilson
- Democrat
- Coolidge
- Why was there a boom?
- America had lots of raw materials from WW1
- America was not damaged and not in the war long
- America sold goods to Britain and France
- Countries owed America reparations
- Republican Polices
- Laissez-Faire- leaving businesses alone
- Tariffs
- Low Taxes
- Trusts- letting business men control whole industries
- Cars
- Ford introduced assembly line and mass production
- Lead to boom in Consumer Goods
- Helped other industries grow eg; glass, rubber
- Lead to boom in Consumer Goods
- Ford introduced assembly line and mass production
- Advertising
- Confidence
- Credit
- Mail order catalogues
- America had lots of raw materials from WW1
- Key Features of the Boom
- Consumer goods eg: radios, fridges, telephones
- More cites and skyscrapers (suburbs grew)
- Construction was largest employer (number of roads doubled)
- More trucks
- New industries like chemical made rayon
- More urban homes had electricity
- Civilian airlines
- Problems in famring
- People brought less US food
- High US tariffs, Canadian competition, overproduction, less population
- Prices crashed by 50%
- Rural banks crashed
- Farmers could not pay back loans. Farms reprossessed
- 5 times as many bankruptcies
- 6 milliaon unemployed
- South suffered the worst
- grew one crop, diseases from insects
- Wheat farms in mid west did badly
- Black people suffered worst due to low w ages and racism. They wereoften the first saked
- 60 million people lived in the countryside
- People brought less US food
- Other problems
- Ship building
- Coal
- Iron
- Textiles
- 42% lived below poverty line
- 5% unemployment through1920s
- many could not afford to buy the new consumer goods
- Gaps between rich and poor got bigger
- Racism
- Why was this bad for America?
- Boom was consumer lead, if people stopped buying o could not afford to buy them then sooner or later the economoy would crash
- Key terms and people
- Wilson
- Democrat
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