Position in the world
- Because of where the USA is - make materials cheap! Oil. Iron, Coal, Steel
Assembly Line
- Everyone does their own part of a bigger job. i.e the car - simply put wheels on the axel
- made quicker, made cheaper, sell more = profit!!!!!!
New Consumer Goods
- Washing machines - Tumble Dryers - Radios - Fridges
Tariffs (tax)
- Govt. places taxes on foreign goods - people bought more US goods.
Speculation (shares)
Hannah buys x1 share £10,000 - Hannah has £1000 - gets £9000 loan (bank + interest) to buy the share - 2013 value of share = £13,000 (3K profit) ( bull market) if prices go up - 2014 value drops £1000 ( owes bank 9K) = debt collectors homelessness
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