america Flashcards
cwhat where the four main republican policies
-laissez faire
-protective tarifs
-low taxation
-powerful trusts
what was laissez-faire
-government should interfere as little as possible
-leave businessman alone(to solve their own problems
what where protective tariffs
- import tarifs to prevent oversees competition
what was low taxation
-taxes as low as possible
-believed American people would invest it into the economy themselves
what was powerful trust
-monopolies that dominated the industry
-believed that the industry leaders knew better than the politicians
name three raw materials that boomed in early 1920s
-steel
-glass
-chemicals
which energy source became prominent in the 1920s
electricity
name 3 apliances that boomed in the 1920s
-telephones
-radios
-vacuum cleaners
what industry boomed the largest in the 1920s
vroom vroom cars
what did Henry ford set up
the first production line
what state of mind was crucial to the boom
confidence
what were the four main problems in the farming industry
-declining exports
-new competitors
-over production
-falling prices
what was declining exports for farmers
Europe was importing less food after ww1
what was new competitors for farmers
canadian wheat farmers where super efficient