How did america achieve prosperity in the 1920s?
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?- Created by: bartleyellie17
- Created on: 16-02-16 15:47
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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
- cycle of prosperity
- advertising
- radios/tv
- radio= 60,000 in 1920, 10 mil in 1929
- radios/tv
- Motor car
- henry ford set up first assembly line
- one car produced every 10 sec
- people commuted to the city for work/leisure
- henry ford set up first assembly line
- consumerism
- 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
- republican policies
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