Causes and Effects of the Economic Boom

The causes and effects of the economic boom in the USA in the 1920s

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Causes and Effects of the Economic Boom

Causes

  • America was a large country, rich in resources
  • Effect of the First World War
  • Republican Policies - laissez faire, low taxation and protectionism
  • New Industries, New Methods - assembly line
  • Hire Purchase and Credit

Effects

  • Motor Car - Model T Ford
  • Cinema
  • Radio
  • Music and Jazz
  • Women

Overall summary

Underlying Problems:                                                                                                                                       Farmers                                                                                                                                                                                                        Black People                                                                                                                                                                               Intolerance                                                                                                                                                                                    Prohibition                                                                                                                                                                                          Speculation - people selling back shares at alarming rate                                                                                                                         WALL STREET CRASH

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