Causes Of The 1920s Boom

Question 1

WW1

Answer 1

Tried to stay out, lent money and sent ammo and arms allies, one-way trade boosted industry, USA took over Europe’s trade, Ger was one of best chem industries and US took over, war improved tech and 1918-30 civiles started using planes, US fought a bit but by 1922 they grew fast again

Question 2

Republican policies

Answer 2

Laissez afire, protective tariffs, low taxation, powerful trusts

Question 3

New industries

Answer 3

New methods in 1920s, able to exploit materials like steel and chemicals and glass, electricity replaced coal and most homes had it by 29, led to electric products like radios, goods produced more cheaply and affordable

Question 4

Mass production

Answer 4

Expensive things made cheap, luxury silk stockings replaced by cheap rayon stockings which sold 300M to a population of 100M women in 1930

Question 5

Motor Car

Answer 5

Developers in 1890s and built by craftsmen but took long to make, in 1929 4.8M cars made, in 1925 a car cost $290

Question 6

Resources

Answer 6

USA had natural resources like: wood, iron, coal, minerals, oil land; made USA industrial power; allowed further growth in 20s

Question 7

Mass marketing

Answer 7

Companies spent a lot on advertising, developed persuasion techniques

Question 8

Credit

Answer 8

Easier to buy goods, poorer ppl could buy

Question 9

Confidence

Answer 9

More sureness about investing and buying goods, vital for economic boom

Question 10

Consumerism

Answer 10

Advertising after propaganda in WW1, radio ads, chain store- same shop selling same goods all around USA, buying became part of being American