why 1920s Boom?
- Created by: BKW
- Created on: 04-05-17 11:47
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- Why was there a boom in 1920s
- Americas resources
- Natural resources
- coal, oil, metals
- Inventions
- lightbulb, telephone, fridges
- American dream
- promotion of hard work
- Immigrants
- cheap labour force
- Fordism and effeciency
- agriculture suffered because efficency
- Natural resources
- Manufacturing / fordism
- ww1 stimulated manufactiring
- henry ford
- $5 per day
- no trade unions
- 1925 making t model every 10s
- lots of jobs
- growth of electric grid
- older industries suffered
- railways, coalmine, textiles
- Demand
- New tech
- effective transportation
- large population
- increase in wages
- $1308 to $1716
- low inflation
- growth of advertising
- 1920-29 debt went 3.3b to 7.6b
- spending doubled
- Gov policy
- republicans laissez faire
- cut tax of rich 50% to 20%
- development of large businesses
- didn't regulate stock market
- people could borrow money to buy stocks
- encouraged by media in news stories
- people could borrow money to buy stocks
- Ford mccumber tarrif act
- import duties
- Americas resources
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