USA

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  • Created by: peaches
  • Created on: 07-06-13 16:34
tariffs on foreign goods to protect=
HOME MARKET
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isolated=
NO TEACHING ABROAD&NO POLITICAL INVOLVEMENT IN EUROPEAN AFFAIRS
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assembly line technology=
MASS PRODUCTION 'TAKE THE WORK TO THE MAN' not 'THE MAN TO THE WORK'
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less skilled jobs=
CUTS WAGE BILLS- MORE PROFITS&CHEAPER GOODS
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DEFINE AN 'ECONOMIC BOOM' in the context of the USA in the 1920's
full production, full employment,higher wages, greater demand for goods, higher sales, higher profits
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3 REASONS TO EXPLAIN WHY THERE WAS A BOOM&3FACTORS THAT FUELLED THE BOOM
boom because:TARIFFS&BOOST SALES, LOW TAXES&RISING WAGES=BOOST SALES....factors fueling it: MASS PRODUCTION TECHNIQUES, CHEAPER GOODS, MOTOR CAR INDUSTRY
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what is meant by 'speculation on the stock market'
BUYING STOCK/SHARES- AIM TO SELL&MAKE MONEY-PROFIT
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hire purchase
BUY&PAY BACK OVER THE WEEKS WITH INTEREST
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buying shares 'on the margin' means
TAKING A LOAN OR CREDIT TO BUY SHARES
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which gave companies more
CAPITAL TO INVEST,
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which means
GOODS, CREATING JOBS, MORE WORKERS, AND MORE CASH TO BUY GOODS-INCREASE IN PROFITS AND INCREASE IN SHARE PRICES
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how did republican policies help to generate the boom?
no regulations on industry, allowed to grow, greater profits...leads to job creation&low taxes give everyone in work more disposable income
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how did developments in the cinema-hollywood- contribute to the boom?
make films- COMPANYS GROW-SHARES SOLD-PROFITS MADE...
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WITH EXPANSION OF CINEMA means
MORE CINEMAS, MORE JOBS IN CINEMAS&SUPPLY INDUSTRY-E.G REFRESHMENTS
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ADVERTISING INDUSTRY=
HUGE BOOST
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HOW DID DEVELOPMENTS IN MUSIC CONTRIBUTE TO THE BOOM?
MUSIC=RECORD SALES, MUSIC SHEET SALES, ALL CREATES JOBS...MUSIC MEANS NIGHT CLUBS MEANING JOBS
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isolated=

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NO TEACHING ABROAD&NO POLITICAL INVOLVEMENT IN EUROPEAN AFFAIRS

Card 3

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assembly line technology=

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Card 4

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less skilled jobs=

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Card 5

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DEFINE AN 'ECONOMIC BOOM' in the context of the USA in the 1920's

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