Causes Of The Boom Flashcards
What was ways of Advertising for consumer goods
Billboards, newspapers,radios , mail order catalogues
Henry ford made is cheaper to produce goods like
93 minutes to make a car
What was a tarif
Taxes on goods imported from other countries so it’s cheaper to buy so people and businesses had more money to spend
How much did prices rise by because of stocks and shares
300%
What was hire purchase and credit
People could borrow money from banks
What was the first method of mass production
The car industry
Why didn’t the government get involved
Every thing was booming
Mass production and consumers and adverts are linked because
They were making huge amounts of products and selling them via adverts
Credit hire and consumers and adverts link because
Adverts were convicting people to but things the couldn’t buy with their own money so they got Credit cards
The stock market and mass production link because
Stock was being made on a mass scale