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THE USA UP TO 1920
Industry and farming had been growing steadily since 1860
The country had a lot of resources
A lot of workers ­ many immigrants were willing to do any work
Railways, mining and manufacturing were all strong
Americans believed in rugged individualism ­ self help
They were isolationist ­ they did not want to get involved in Europe's
problems…read more

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REPUBLICAN POLICIES
Normalcy: letting the USA get back to life as it had been before the war
Isolationism: not getting involved in anyone else's affairs
Low taxes: this helped businesses to grow
Laissez-Faire: letting businesses grow without government help
Tariffs: high taxes on foreign goods meant that Americans would buy
American goods…read more

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THE BOOM
In the 1920s, profits made by American industries rose massively
The biggest economic boom came to those in the industries making consumer
goods (for example fridges, vacuum cleaners)
Wages rose throughout America, so people's confidence grew
The most important industry that boomed was the motor industry
By 1930, there were 30 million cars on the roads
Many Americans wanted a share in some of the profits, an so bought and sold
shares in companies…read more

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THE MOTOR INDUSTRY
Henry Ford was the pioneer of mass production ­ he set up a system; parts of
the car added as it travelled along a conveyer belt
This was known as the assembly line
He developed the Model T (a car) and made them affordable
The Model T had many impacts on the USA, including:
Roads built
Increased amount of shopping
Tourism increased
New industries…read more

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WEAKNESSES IN THE US ECONOMY
Some major industries did not benefit (for example coal and textiles)
Some industries could not export their goods due to high tariffs set by other
countries in retaliation to the USA's high tariffs
Farmers produced far too much food, and so prices were very low
Many ordinary Americans did not benefit; including industrial workers and
Black Americans
42% of the population lived below the poverty line…read more

Comments

Abbie

I can't find the open button...I'm not being stupid, there is actually no open button...

connie34

@Abbie what do you mean? You just download it and double click it?

connie34

@Abbie what do you mean? You just download it and double click it?

Lucy Welsh

This is brilliant; it was a great way to go over the basics needed for the exam... Thank you!!! x

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