History - Why was there an economic boom in the 1920s?

A mind map of the main reasons America was booming in the 1920s.

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  • Created by: Eli
  • Created on: 06-10-13 17:39
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  • 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
    • 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.
    • 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
    • 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
  • 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.

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