Isolationism, technology, mass production, hire purchase and shares
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What was america in in the 1920's
The cycle of prosperity
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What is Isolationism?
Where to goverment will keep out of forgein affairs and have high import tariff to limit forgien competition
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What did technogly lead to in the 1920's
Advances in chemical, electrical and film. This also made new products avalible to buy
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Who was responsible for the rise in mass production?
Henry Ford, who came up with the idea of the assembly line. This meant one person would only assemble one item to a product
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What is hire purchase?
Buying Now and paying later. This meant more people could afford products and increased demands for forgein goods.
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What are shares?
Where people buy shares in a bussiness, if the bussiness makes money so does the share holder. It also meant people could sell shares on the stock exchange
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Other cards in this set
Card 2
Front
What was america in in the 1920's
Back
The cycle of prosperity
Card 3
Front
What is Isolationism?
Back
Card 4
Front
What did technogly lead to in the 1920's
Back
Card 5
Front
Who was responsible for the rise in mass production?
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