Why did the Economic Boom of the 1920s happen?

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  • Created by: nikanerd
  • Created on: 24-02-14 18:41
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LAISSEZE FAIRE- 'to leave alone'- the Republican government left businesses alone -cut business tax businesses keep profit
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ASSEMBLY LINE- artisinal- quikerand cheaper- first used by Henry Ford in Detroit
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CREDIT- banks use interest, poor can buy expensive things
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KNOWLEDGE-war stimulates knowledge- medicine, factory methods etc.
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POSITION OF USA- only involved in WW1 for 1 year- little damage wartime factories make peacetime products (cars, fridge, radios etc)/ other countries taken out war loans
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ADVERTISING- billboards and radios connected country, showed new products
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NEW CONSUMER GOODS-cola, fridges, radios, cars etc
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TARIFFS- tax on foeign goods, American goods cheaper, persuade people to 'Buy American'
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SHARE CONFIDENCE- shares become successful- more people buy them, working and middle classes now able to buy them
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Card 2

Front

ASSEMBLY LINE- artisinal- quikerand cheaper- first used by Henry Ford in Detroit

Back

A

Card 3

Front

CREDIT- banks use interest, poor can buy expensive things

Back

Preview of the back of card 3

Card 4

Front

KNOWLEDGE-war stimulates knowledge- medicine, factory methods etc.

Back

Preview of the back of card 4

Card 5

Front

POSITION OF USA- only involved in WW1 for 1 year- little damage wartime factories make peacetime products (cars, fridge, radios etc)/ other countries taken out war loans

Back

Preview of the back of card 5
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