History- boom 1920s

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  • America and the Roaring 20s
    • Key terms and people
      • Coolidge
        • Harding
      • Hoover
        • Harding
        • Replicans
          • Coolidge
            • isolationist
            • Self Help
            • Tariffs
        • Wilson
          • Democrat
      • 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
        • Advertising
        • Confidence
        • Credit
        • Mail order catalogues
      • 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
      • 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
    • Wilson
      • Democrat

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