𝐰𝐑𝐲 𝐰𝐚𝐬 𝐭𝐑𝐞𝐫𝐞 𝐚𝐧 𝐞𝐜𝐨𝐧𝐨𝐦𝐒𝐜 𝐛𝐨𝐨𝐦 𝐒𝐧 πŸπŸ—πŸπŸŽπ¬? Flashcards

1
Q

Was the American government democratic or Republic in the 1920s?

A

Republican

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2
Q

Was the American government democratic or Republic in the 1920s?

A

The American government was Republican in the 1920s.

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3
Q

What was the government policy which put high taxes on foreign goods?

A

The Fordney McCumber Act put high taxes on foreign goods.

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4
Q

What was the government belief which meant businesses should be β€˜left alone’ by the government, with few rules and low taxes?

A

Laissez Faire

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5
Q

What new technique were factories using so they make more goods cheaply?

A

Mass production and the assembly line

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6
Q

What was it called when customers could buy goods and pay for them in installments?

A

Hire Purchase

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7
Q

What is the β€˜cycle’ called where more jobs mean more spending and therefore more

A

Cycle of Prosperity

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