USA Boom

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  • Created by: KThomas
  • Created on: 04-06-17 11:56
Define Boom
A PERIOD OF RAPID SIGNIFICANT ECONOMIC GROWTH WHICH IS PROBABLY UNSUSTAINABLE
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List the 3 presidents from 1921-1933
Harding, Coolidge and Hoover
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Name the 3 new industries in the 1920's
Motor, Electrical and Leisure
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Who benefits from buying on credit?
Retailers and manufacturers sell more and banks get an interest charge
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When did radio broadcasts begin?
1921
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Name the groups who did not benefit from the boom
Agriculture, textiles, coalmining and immigrants
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Did the boom increase racism?
Yes because black people were hated and the white people took their jobs
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What effect does mass production have on prices?
It makes items cheaper
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Define shares
A piece of paper that represents a piece of ownership in a company
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What is buying on the margin?
Money borrowed from banks as a loan to buy shares then sell shares back, pay off the loan and keep the profits
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Give the 6 causes of the boom
Isolationism, Tarrif policy, Mass production, Advertising, Laissez-faire and Credit
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Other cards in this set

Card 2

Front

List the 3 presidents from 1921-1933

Back

Harding, Coolidge and Hoover

Card 3

Front

Name the 3 new industries in the 1920's

Back

Preview of the front of card 3

Card 4

Front

Who benefits from buying on credit?

Back

Preview of the front of card 4

Card 5

Front

When did radio broadcasts begin?

Back

Preview of the front of card 5
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