America - reasons for the BOOM Flashcards
1
Q
What is Lassez - faire
A
‘Leave it alone’. Low government interference.
2
Q
What are assembly lines
A
A more effective and cheaper way to mass produce consumes goods. Each worker on the line had one or two jobs, which they would repeat
3
Q
What is advertisement?
A
Propaganda techniques developed during the war were used to persuade people to buy all sorts of products. Advertised via posters, radio, travelling salesmen.
4
Q
What is share confidence
A
People willing to gamble on stocks and shares because they were confident prices would go up. The more investors, the higher the price.
