The Economic Boom - Causes and effects table in GCSE History

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Created by: Deanna Essam
Created on: 04-06-13 13:39

Causes & Consequences of the Economic Boom

Causes

During the First World War, America provided Europe with supplies and arms
President Harding's Republican policies- isolation, tariffs and low taxes
Consumer goods- goods for ordinary families to buy (often household items)
The Ford Car Industry became involved in mass production- producing an item quickly and cheaply

Effects

When Europe paid them back, America became more wealthy, confident and prosperous
Allowed America not to get dragged into a war and low taxes meant that people could spend more money on consumer goods
Consumer goods gave people a better way of life. By 1927, two-thirds of US homes had electricity
The Ford Car Industry created many jobs and by 1924, 10 million cars had been produced

Overall summary

The economic boom helped to create many jobs and gave the American citizens a better way of life. People were prosperous and bought things which led into the age of consumerism

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