Causes of the boom

Question 1

What is the boom?

Answer 1

An economic state of growth with rising profits and full employment

Question 2

Name 4 types of things that boomed in the 1920’s?

Answer 2

1) Automobiles
2) Stock Market
3) Entertainment
4) Consumer goods

Question 3

What specifically in entertainment did Boom?

Answer 3

Hollywood, Cinemas, Jazz clubs and speakeasies

Question 4

What specifically in consumer goods did boom?

Answer 4

Fridges, radios, telephones and washing machines

Question 5

What was the cycle of prosperity?

Answer 5

More sales=More production=More wages=More spending

Question 6

What were the 4 republican economic policies?

Answer 6

1) Low taxation
2) Tariffs
3) Laisez-faire
4) trusts

Question 7

What is low taxation?

Answer 7

Republicans believed that people should be able to keep money then spend it on American goods

Question 8

What are tariffs?

Answer 8

Putting taxes on exported goods

Question 9

What is Laisez-faire?

Answer 9

Means to leave alone business men and let them get on with making money

Question 10

What are trusts?

Answer 10

Where super-coorpirations which dominated certain industries

Question 11

During ww1 how did USA make a lot of money?

Answer 11

Through loans to Europe by selling weapons and exporting foods to European countries