How did america achieve prosperity in the 1920s?

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  • How did America achieve prosperity in 1920s
    • republican policies
      • lasissez-faire: leave the business man alone
      • Tariffs: made it expensive to import goods
        • fordney McCumber 1922
      • low taxation
      • trusts: set 'captains' to a whole idustry
      • isolationism
        • stayed away from Europe
        • no longer had an open door policy
        • USA joined ww1 in 1917 so took over German chemical industry
    • mass production
      • consumerism
        • cycle of prosperity
          • hirepurchase/ credit
      • advertising
        • radios/tv
          • radio= 60,000 in 1920, 10 mil in 1929
      • Motor car
        • henry ford set up first assembly line
          • one car produced every 10 sec
        • people commuted to the city for work/leisure
    • stock market boom
      • confidence
      • speculation
      • credit
      • Untitled
    • entertainment industries
      • by 1927 60 million americans going to the cinema weekly
      • 1921 one licensed radio by 1922=508

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