Availability of finance and Government attitudes 0.0 / 5 ? HistoryThe USA - twentieth century changeGCSEAQA Created by: LaurenkjCreated 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
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