Why was there an economic boom in the 1920's?
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- Created by: flo.w
- Created on: 12-04-14 18:16
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First world war
- America's neutrality extended to a policy of fairness - American bankers could lend money to both sides in the war
- sold arms, munitions and food to Britain and France
- this one way trade gave the American industry a boost
- Americans were able to take over Europe's trade around the world
Industry
- the USA became the world's most successful chemical industries
- explosives manufacture during the war also stimulated a range of by-products which became new American industries in their own right eg plastic
Short conflict
- USA was not part of the war long enough to drain American resources
- war inustries readjusted to peacetime temporarily
- by the 1920's the American economy was growing once again
Natural…
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