History - Why was there an economic boom in the 1920s?
A mind map of the main reasons America was booming in the 1920s.
- Created by: Eli
- Created on: 06-10-13 17:39
View mindmap
- Why was there an economic boom in the 1920s?
- Industrial Strength
- Economic Growth led to the need for more offices and factories
- Many new workers
- Led to high demand for new homes
- Met by construction companies
- Skyscrapers were being built - construction company bonus
- Car industry booming
- Oil, Plastic and Metal industries growing
- Economic Growth led to the need for more offices and factories
- American State of Mind
- Believed they had a right to prosperity
- American Dream
- Made them willing to invest in American companies
- Fashionable to spend your money
- WWI
- Industries in chemical and plastic boomed to meet demand of modern warfare
- Continued to thrive after war ended
- USA leant money to countries during the war, paid back in the 1920s
- USA picked up trade in Europe during the war.
- Industries in chemical and plastic boomed to meet demand of modern warfare
- New Industries
- The development of electricity brought new industries
- Radios
- Telephones
- Fridges
- The Assembly Line created by Henry Ford was applied to new industries
- Allowed for Mass Production
- Things were cheaply sold
- Generated employment
- The development of electricity brought new industries
- Republican Policies
- Laissez-Faire
- Businesses left to their own devices
- Trusts
- Left ordinary people in control of the economy
- Low Taxation
- Tariffs
- Encouraged people to buy American
- Laissez-Faire
- Industrial Strength
- WWI
- Industries in chemical and plastic boomed to meet demand of modern warfare
- Continued to thrive after war ended
- USA leant money to countries during the war, paid back in the 1920s
- USA picked up trade in Europe during the war.
- Industries in chemical and plastic boomed to meet demand of modern warfare
Comments
No comments have yet been made