Availability of finance and Government attitudes

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  • Created by: Laurenkj
  • Created on: 12-04-18 14:46
What 2 ways could an American firm in the 1920s get the money it would need to expand production
Bank loans, sell shares or buy machinery
1 of 10
How had most people traditionally paid for goods they wanted to buy
They saved up for it
2 of 10
What other methods could people use to buy goods They wanted
They can borrow money from banks or hire purchase
3 of 10
Why was it easier to buy goods in the 1920s
There are more customers and so more money for businesses
4 of 10
What was the Republican Party
A political party that governed the USA during the economic boom
5 of 10
What was the attitude towards the economy and intervening in business
The laissez fairy attitude - the government does not involve itself in business this was good for businesses but not for workers
6 of 10
Give an example of an import tariff and how did it help
Import tariffs on foreign goods coming into the USA e.g. the Fordney McCumber tariff. It reduces competition from foreign countries
7 of 10
How did cutting taxes help
Taxes were cut on company profits and peoples earnings so wages went up, people have more money to spend on goods and businesses got more profit
8 of 10
How was the attitude of the Republican government imported to the boom
Allow businesses to develop easily by making sure that there was money to invest and buy goods
9 of 10
What is rugged individualism
Republican policy to earn success of your own back
10 of 10

Other cards in this set

Card 2

Front

How had most people traditionally paid for goods they wanted to buy

Back

They saved up for it

Card 3

Front

What other methods could people use to buy goods They wanted

Back

Preview of the front of card 3

Card 4

Front

Why was it easier to buy goods in the 1920s

Back

Preview of the front of card 4

Card 5

Front

What was the Republican Party

Back

Preview of the front of card 5
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