Why did the economy boom? 0.0 / 5 ? HistoryUSAA2/A-levelEdexcel Created by: mooolieCreated on: 17-01-15 14:13 Population Rapid growth, urbanisation 1 of 10 Abundant Raw Materials Coal, oil, gas, and iron = enabled cheap production 2 of 10 Tariffs Tax on imported goods 3 of 10 Government Republicans: Laissez-faire, trusts, cut taxes 4 of 10 Opportunities 85% had electricity, consumer goods 5 of 10 Techniques of Production Mass production, assembly lines, specialisation, standardisation 6 of 10 Cycle of Prosperity More sales = increased production = more workers with higher wages = more spending 7 of 10 Advertising Increased demand and promoted consumer goods 8 of 10 Sales methods New distribution methods, such as mail order 9 of 10 Hire Purchase Loans with low interest rates 10 of 10
To what extend can the period of 1951 to 1964 be viewed as '13 wasted years'? 3.5 / 5 based on 7 ratings
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