How did republican polices help to make American wealthier during the 1920s?
-during the First World War America exported weapons and food to Europe which made American companies very rich -businessmen benefitted the most in the short term which increased companies profiles and increased workers wages
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How did Laissez-Faire affect the economy?
The republicans believed in a laissez-faire approach to economy, this means they left business men alone as much as possible to make as much profit as possible
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How did tariffs affect the economy?
The republicans introduced tariffs on imports, good that were built or made in America were cheaper, this encouraged people to buy American, boosting American industries hugely
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How did low taxes affect the economy?
Wages increased but taxes stayed low so workers had more money to spend on American products which increased sales and boosted profits even more
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Card 2
Front
How did republican polices help to make American wealthier during the 1920s?
Back
-during the First World War America exported weapons and food to Europe which made American companies very rich -businessmen benefitted the most in the short term which increased companies profiles and increased workers wages
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