long term factors for the economic boom
- Created by: samiat.alaka
- Created on: 13-04-14 15:26
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- Long- term factors for the economic boom
- Spread of electricity
- By 1929 most US cities had electricity.
- Cheap labour force
- Immigration from Europe provided plentiful supply of cheap, unskilled labour
- Natural Resources
- America had plentiful supplies of raw materials such as oil, coal,wood and iron ore.
- Confident
- People were prepared to buy goods, invest in companies and take out loans
- Protection of home industries: introduction of tariffs, policies and attitudes of the republican presidents
- Impact of the first world war
- Spread of electricity
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